The median sales price in Bend was $725,000 in August, down 7% month-to-month, and down 6% year-over-year. The median sales price was $780,000 this July, and $769,500 in August 2025.
Homes priced at $1,025,000 or less made up 73.6% of all home sales in August, up 5.5 percentage points from 68.1% in July.
As for concessions, they were holding strong in August, with 48% of all homes sold having some sort of concession. The breakdown by price range was striking, though. Twenty-five percent of homes with a sales price over $1,025,000 included a concession, while 52% of homes under that sales price included one.
Cash purchases in August were higher than we’ve seen in a couple of years, with 37% of all homes selling for cash. However, the price-range breakdown was where we saw some big discrepancies. Forty-three percent of homes that sold for more than $1,025,000 were all-cash purchases, while only 21% of homes sold under that price were cash transactions.
New listings and home sales slowed last month, but pending sales were up slightly. In August, 188 Bend homes were listed, a 7% decrease from July, but an 8% decrease year-over-year. Home sales dropped 13% in August, from 188 sales in July to 163 last month. Pending sales were up 3%, from 192 in July to 197 in August.
Available inventory was down 7% month-to-month in August, and down 15% year-over-year. There were 564 active listings in Bend last month.
As we head into fall, it’s normal for a seasonal slowdown of real estate activity, including new listings. 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.
We are here to help both buyers and sellers navigate their real estate journey. Please reach out to us with your questions about the unique Bend real estate market.
—Jason
Median Sales Price
- The median sales price in Bend is down 7% month-to-month, from $780,000 in July to $725,000 in August.
- Year-over-year, the median sales price is down 6%.
- The median sales price in August 2025 was $769,500.
New Listings
- New listings of homes in Bend were down 13% in August, from 217 new listings in July to 188 last month.
- In August 2025, there were 174 new listings, 8% higher than this August.
Home Sold and Pending Sales
- Home sales in Bend decreased by 13% last month, from 188 sales in July to 163 in August.
- Pending sales were up 3% in August, from 192 in July to 197 last month.
- Year-over-year, home sales were down 4% this August and pending sales were down 5%.
Active Listings and Months of Inventory
- Active listings of Bend homes were down 7% last month, from 603 in July to 564 in August.
- There are 15% fewer active listings compared to a year ago, when there were 662 homes on the market.
- The months of inventory rose 9%, and there is 3.5-months’ worth of inventory in Bend.
- A year ago, there was 3.9-months’ worth of inventory.
Days on Market, Concessions + Price Reductions
- The days on market in Bend increased from 47 days in July to 61 days in August.
- In August 2025, it took an average of 53 days to sell a home in Bend.
- Last month, 48% of all home closings included a concession.
- Over the last six weeks, there were an average of 73 price reductions each week, the exact same number during the prior six-week period.
