Holding steady month-to-month and year-over-year, the median sales price of a home in Bend was $726,000 in September, up just slightly from $725,000 in August. A year ago, the median sales price was $718,000, within 1% of this September’s median price.
Of the 163 homes sold in Bend last month, 132 had a sales price below $1,025,000. Of the homes sold for over that price, only 12% sold for their original price, and none sold for over the asking price. However, once concessions were factored in, only 6% of homes over $1,025,000 sold for their original asking price in September.
There were slightly fewer concessions last month, with 45% of all Bend homes sold including a concession ranging in value. Compared to September 2025, transactions that include a concession are up 5%.
The local real estate market seems to be in a bit of a tug-of-war right now. Many homeowners have mortgages with very low interest rates, and want to ensure selling their Bend home is worthwhile. At the same time, buyers are watching interest rates rise, and some truly need the buying power of a concession to help with a rate buydown. Whether temporary or permanent, these buydowns can substantially reduce monthly costs for buyers.
Although home sales prices are softening a bit in Bend, the current economic climate is also turning the tug-of-war described above into a game of chicken. While many buyers are waiting for sellers to do a price reduction, many sellers are waiting for buyers to get off the fence and make an offer.
This isn’t to say that some homes aren’t selling very quickly. In addition to homes that are correctly priced, we’re seeing true diamonds-in-the-rough in desirable homes that have low inventory moving quickly.
A seasonal slowdown of real estate activity, including new listings, is normal this time of year. That’s why, with fewer active listings to compete with, it can be a really great time to list a home in Bend. Staging a home during fall and winter can be fun, too, especially if it exudes a warm, cozy atmosphere.
Have questions? We’re here to help.
—Jason
Median Sales Price
- The median sales price in Bend was $726,900 in September, up just slightly from $725,000 in August.
- Year-over-year, the median sales price is up 1%; it was $718,000 in September 2025.
New Listings
- New listings were down 6% in Bend last month, from 188 in August to 177 in September.
- There were 175 new listings in September 2025.
Home Sold and Pending Sales
- Home sales in Bend were exactly the same in August and September, with 163 homes sold in each month.
- Pending sales were down 19% last month, from 197 in August to 159 in September.
- Year-over-year, home sales are down 11% and pending sales are down 18%.
Active Listings and Months of Inventory
- Active listings in Bend were up just slightly, from 564 homes on the market in August to 566 in September.
- In September 2025, there were 626 active listings in Bend.
- There is 3.5 months’ worth of inventory, exactly the same amount month-to-month, and up just slightly year-over-year.
Days on Market, Concessions + Price Reductions
- It took an average of 68 days to sell a home in Bend last month, up from 61 in August.
- In September 2025, the average days on market was 67.
- There was an average of 77 price reductions each week over the last six weeks.
