The State of the Market Report is finally here, and this season’s edition brings one of our most insightful looks yet into Bend’s evolving housing market. Released twice a year, this report delivers the most accurate and timely analysis of what’s shaping Central Oregon real estate, from shifting buyer behavior to changing inventory levels and new opportunities emerging as the market stabilizes.
As we move through 2025, the national housing market is navigating elevated mortgage rates, limited supply, and cautious optimism. In Bend, those same forces are playing out in a way that feels uniquely local. Prices remain steady, buyers are taking a more thoughtful approach, and sellers are learning how to adapt in a market that rewards strategy and preparation.
For Buyers: Navigating the Process with Confidence. Bend’s housing market is finding balance. Homes now spend an average of 36 days on the market, up from 26 last year, giving buyers more breathing room to explore, negotiate, and find value. For those ready to act, motivated sellers are beginning to offer opportunities that didn’t exist a year ago.
For Sellers: Adapting to an Evolving Market. While inventory is rising, the numbers don’t tell the full story. Many unsold homes have been withdrawn, creating a competitive environment where presentation and pricing matter more than ever. Only 22.5 percent of listings in Bend are going under contract, about 10 percent fewer than last summer, highlighting the need for thoughtful strategy and expert guidance.
Your Guide to a Smarter Real Estate Decision
The State of the Market Report was created to bring clarity to an often confusing landscape. Whether you’re buying, selling, or simply staying informed, this report helps you understand the trends shaping Bend’s real estate market and make decisions with confidence.
Read the full 2025 State of the Market Report to see where the Bend market stands today and where it may be headed next.