Central Oregon Real Estate Trends
August 2024
Bend, OR Housing Market
Continuing to display a competitive nature, the Bend listing market sees homes receiving an average of one offer and selling in approximately 42 days. The median sale price for homes in Bend was $868,146 last month, reflecting an decrease from the previous year, while the median sale price per square foot decreased by 4.0% over the same period, now standing at $386. This information suggests a somewhat fluctuating market in terms of pricing and demand, providing valuable insight for both potential buyers and sellers in Bend.
Bend by the Numbers
Inventory / Active
552
last month -> 539
AVG Days on Market
42
last month -> 33
AVG Sale Price to List Price
99%
last month -> 99%
Number of Homes Sold
146
last month -> 156
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Redmond, OR Housing Market
Redmond, Oregon, naturally draws with its unique blend of small-town charm and natural beauty, making it a desirable location for those seeking a relaxed yet vibrant lifestyle. The city’s proximity to numerous outdoor recreational opportunities, including hiking, fishing, and biking, appeals to nature enthusiasts and adventurers alike. With a growing housing market showing signs of increasing demand and rising property values.
Redmond by the Numbers
Inventory / Active
248
last month -> 247
AVG Days on Market
61
last month -> 63
AVG Sale Price to List Price
97.3%
last month -> 99.1%
Number of Homes Sold
61
last month -> 85
The Housing Market in Fall.
As the autumn season descends upon Central Oregon, the housing market presents a mix of promising trends and evolving dynamics. The region’s allure as an outdoor enthusiast’s paradise, with access to world-class skiing, hiking, and mountain biking, continues to draw attention from prospective homebuyers seeking a lifestyle enriched by natural beauty. Against this backdrop, the housing market in Central Oregon exhibits a diverse range of properties, from modern eco-friendly developments to rustic retreats nestled amidst breathtaking landscapes.
In recent months, the Central Oregon housing market has shown signs of resilience, with homes often receiving multiple offers and selling relatively quickly, underpinning the high demand for properties in this picturesque region. As the fall season unfolds, market indicators suggest a potential stabilization in median sale prices, offering a window of opportunity for those looking to make a move in this dynamic market. Additionally, the region’s vibrant community, buoyed by a burgeoning arts and cultural scene, further contributes to the appeal of Central Oregon as a place to call home.
For individuals navigating the nuances of the Central Oregon housing market, staying apprised of these evolving trends and consulting with local real estate professionals can be instrumental in making informed decisions. Whether it’s embracing the cozy ambiance of a mountain cabin or reveling in the modern amenities of a bustling downtown neighborhood, Central Oregon continues to offer diverse and enticing opportunities for homebuyers seeking a seamless blend of natural beauty and community vibrancy in the fall season.
