After a dip in September, the median sales price in Bend rose 8% in October, from $718,000 to $777,500. Year-over-year, the median sales price is down 3% when compared to $797,450 in October 2024.
Cash purchases of Bend homes remained level from September, with 29% of all homes selling in October for cash. A whopping 46% of homes in Bend with a sales price over $1 million were purchased with cash, up from 39% in September.
Concessions that buyers are giving to sellers at closing are going strong, with 42% of homes including a concession of anywhere from $350 to $90,000. Almost half of the concessions given were for new construction. Once concessions were calculated, 84% of homes in Bend sold under the original asking price.
Home sales in Bend were down 11% in October, from 184 in September to 164 last month. Pending sales were down also, from 195 in September to 144 in October. Year-over-year, home sales are up 12% and pending sales are down 12%.
Although active listings were down 8% month-to-month, there continues to be more available inventory in Bend than prior to the pandemic. There were 578 active listings in October, down from 626 in September, but up 15% from 501 listings in October 2024.
The length of time it’s taking to sell a home in Bend increased dramatically last month, from an average of 67 days in September to 114 in October. In October 2024, it took an average of 66 days to sell a Bend home.
As a seller, developing a strategy for getting your home on the market—and sold on your timeline—can be a complex process. We have deep experience in the Bend real estate market and have been tracking monthly analytics since 2007 to help our clients make data-driven decisions about pricing, timing and any investments they might consider making prior to listing their property.
For buyers, it can be overwhelming to understand fluctuating home prices and what concessions to ask for. We have strong relationships within the real estate community and provide expert, fair negotiations that are as stress-free as possible.
Please reach out to us to chat about your real estate goals.
—Jason
Median Sales Price
- The median sales price of a home in Bend was $777,500 in October, up 8% from $718,000 in September.
- Year-over-year, the median sales price is down 3%; in October 2024, it was $797,450.
New Listings
- New listings in Bend were down 23% last month, from 175 in September to 135 in October.
- There were 158 new listings in October 2024.
Home Sold and Pending Sales
- Home sales in Bend were down 11% in October, from 184 sales in September to 164 last month.
- Pending sales were down 26% last month, from 195 in September to 144 in October.
- Year-over-year, home sales are up 12% and pending sales are down 12%.
Active Listings and Months of Inventory
- Active listings of Bend homes were down 8% last month, from 626 in September to 578 in October.
- Year-over-year, active listings are up 15% when compared to 501 in October 2024.
- The months of inventory is 3.5, up from 3.4 in September, and up from 3.4 months’ worth in October 2024.
Days on Market and Price Reductions
- The days on market for a home in Bend went from an average of 67 days in September to 114 days in October.
- In October 2024, it took an average of 66 days to sell a Bend home.
- After seller concessions were calculated, 84% of the home sales in October sold under the original asking price.
