Bend, OR Housing Market: What to Expect in 2025?

Name: Bend, OR Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Bend Housing Market Overview

The Bend, OR, real estate market shows signs of rebalancing. The median home price in the city has decreased by 4.9% year-over-year, and is currently $698,995. Properties stay on the market for 40 days before they go under contract. 138 homes were sold this month, which marks a slight 2.2% increase from last year. At present, the market sees price corrections with sustained sales volume.

Bend's housing market offers distinctive options for outdoor lifestyle enthusiasts. You can find mountain view estates, riverside craftsman homes, and modern high-desert properties here. The city has experienced price moderation after years of rapid growth. This creates an opportunity for buyers in a traditionally premium market. With views of the Cascade Range, top-notch outdoor recreation, and a vibrant brewery culture, Bend has a lot to offer.

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Bend Housing Supply

Bend appeals to real estate investors due to its high vacation rental potential. The city's outdoor lifestyle and remote-work-friendliness also attract relocating homebuyers. At present, there are 483 homes for sale in Bend, Oregon. This is a substantial 54.8% increase from last year, which also includes 218 new listings. The expanding inventory means buyers have plenty of choices. However, Bend's housing supply sits at 3.5 months, which leans slightly in favor of sellers.

Housing availability in Bend follows seasonal patterns. More properties enter the market in spring and summer, as buyers aim to secure properties before the year-end holidays. If you're planning a purchase, you have plenty of housing options in the current market. However, make sure you inspect properties thoroughly, look for negotiation points, and request seller concessions when possible.

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Bend Housing Demand

The Bend, Oregon, real estate market shows shifting dynamics. Only 11.6% of homes sell above list price, which is a 18.8 percentage point decrease from last year. Meanwhile, 27.5% of houses in Bend sell below asking price. The sale-to-list price ratio now sits at 98.5%, so sellers typically receive close to the asking price. This ratio helps determine market dynamics. At the moment, it shows normalizing conditions.

As a home seller, you should price your property strategically from the start to avoid price drops. You might have to adjust expectations given the declining percentage of above-list sales. With increasing inventory, expect some price negotiation. To maximize your exposure in these conditions, you can list your home on the Oregon MLS. On the other hand, if you're buying a house in Bend, Oregon, the inventory increase gives you more choices.

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Balanced

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Buyer’s Market

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Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Bend Market: When to Buy or Sell?

The housing market in Bend, Oregon, shifts between competitive phases throughout the year. It generally aligns with trends in the Oregon housing market, but with local variations. While Bend home prices have adjusted downward, seasonal factors affect closing times. When summer tourism peaks, interest in vacation properties rises. When winter approaches, the market often sees decreased activity.

With Bend's housing supply at 3.5 months, the market leans towards sellers. It will be considered balanced, like the broader US real estate market, when the supply period is 5-6 months. At present, buyers can benefit from the price decrease and substantially improved inventory. Understanding these trends helps you time your purchase or sale. Also, monitor recreational tourism patterns for additional market insights.

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Frequently Asked Questions

How has the average home price in Bend, Oregon, changed over the past year?

The median home price in Bend, Oregon, has decreased by 4.9% over the past year. It now sits at $698,995 in the current market. To know your property's current fair market value, use our free home value estimator.

What is the Bend housing market forecast for the near future?

Home prices in Bend, Oregon, will continue to adjust slightly in the coming months. Demand will likely remain selective with improving inventory. Rising mortgage rates could affect affordability in this premium market.

What's the average house price in Bend, Oregon?

The average house price in Bend varies. Costs typically range from $550,000 for condos to $690,000 for single-family homes. Explore homes for sale in Bend to find something that fits your needs.

Is this a good time to buy houses for sale in Bend, Oregon?

Check Bend real estate market trends for supply and demand insights, to determine if it's a buyer's or seller's market. Buyers benefit from decreasing prices and increased inventory. If you find the right property and plan long-term ownership, buying could be advantageous.

What are the current Bend housing market trends?

The Bend, Oregon, housing market shows rebalancing patterns. Properties stay on the market longer than in previous years. Competition has decreased, with fewer bidding wars. If you want to buy or sell in Bend, check the city's housing market trends for the best timing.

When will the housing market crash in Bend, Oregon?

Market forecasts suggest a crash remains unlikely. As home prices continue to adjust, moderate corrections should stabilize the market without a dramatic collapse.

How to buy houses in Bend, Oregon?

Start with a clear budget and mortgage pre-approval. Then search for homes for sale in Bend, submit offers, secure loans, and complete the closing process.

How can I list my home for sale in Bend, OR?

List your home with a Flat Fee MLS Oregon listing service. High-tech MLS sites like Houzeo assign the right paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Bend?

The average mortgage rate in Oregon fluctuates between 6.1% and 6.78%. Rates depend on market conditions and your credit score. Always check current rates with lenders.

What is the cost of living in Bend, Oregon?

The cost of living in Bend is 27% above the national average. The city offers premium outdoor living with corresponding higher costs. Bend housing prices are the primary contributor, with a median value of $698,995. Food and transportation costs also exceed the US median.

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