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Bend Oregon Real Estate | May 2025 Trends
Is Bend Moving Into a Balanced Market?
The May data has been published and for those who are familiar with Bend Oregon real estate trends, the increase in the numbers of active listings is significant. May traditionally has been a month with a surge in new listings with sellers getting ready for the peak summer selling season. However, in May 2025 there was a huge 42% increase in active inventory year over year. With these numbers, Bend is now trending close to a balanced market with months of supply approaching 5 months.
When May 2025 is compared with May 2024, the following changes can be noted for Bend single family home sales on less than an acre:
- Median sales price up 2.6% to $774,250*
- Original median listing price up 4.7% to $874,000
- New listings up 3.6% to 285
- Homes for sale up 41.9% to 640
- Pending sales up 17.3% to 176
- Sold homes up 4.5% to 140
- Days on market up 33.7% to 68
- Months of inventory up 35.8% to 4.6
- Price per square foot up .9% to $401
- Percentage of original list price received down 1.3% to 97.2%
- Dollar volume of sold homes up 8.5% to $130,695,315
- Percentage of cash sales up 4.4% to 34.3%
With Added Competition, Getting the Price Right is Key
Bend home sales are approaching a balanced market - something that hasn't happened in over a decade. When each seller is competing with multiple other properties to get their home to stand out, overcoming as many objections as possible is the difference on selling or sitting. Besides such obvious things as curb appeal, needed repairs and staging, the number one thing that can make one home sold over another is getting the price right for today's market. Mortgage rates are still pushing 7% which makes affordability a serious issue for many would-be buyers. Pricing the home correctly with the advice of your Bend Premier Real Estate Broker so that buyers see value is an essential first step to obtaining a successful closing.
*Data from Oregon Data Share updated 6-3-25.
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