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Bend Oregon Real Estate | March 2025 Trends
Bend Home Prices Appear to be Leveling Off
Spring 2025 has begun with many economic and political changes within the country. The uncertainty of tariffs and the stock market may ultimately result in a pull back in home sales. However, the beginning of April has had strong real estate sales for Bend Premier Real Estate brokers. It could be with people not having confidence in the stock market, the proven reliability of real estate to consistently gain value over time coupled with more certainty in mortgage interest rates leveling or even dropping could result in a boom in Bend home sales. The next few months could be a roller coaster, or perhaps a more steady-as-she-goes market.
For Bend home sales, March of 2025 compared to March of 2024, the data reflects the following changes:
- Homes sold up 5% to 189
- Average sales price up .6% to $936,725
- Median sales price down 1.5% to $777,475
- Percentage of sales price to list price down 5%
- Days on market up 21% to 79
- Volume of closed homes up 7% to $177,041,078*
With more listings on the market, there is more competition for sellers. Pricing the home accurately right from the start can be the difference on whether the property sits or potentially receives multiple offers. Showing the home with great staging, professional photography, curb-appeal as well hiring a great Bend Premier broker who really understands the property can really make a difference. This spring open houses are extremely popular with many would-be buyers visiting these properties. In addition, mortgage interest rates have not risen or fallen dramatically. Rather, they are showing a more consistent range, dropping roughly .4 percentage points since January. With every tenth of a percentage drop, the amount of buyers who can afford to purchase grows. If mortgage interest rates do drop below 6% in 2025, we can anticipate growing numbers of buyers entering the market.
*Data from Oregon Data Share MLS 4-10-25.
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