Amid an environment of uncertainty about the economy, the Bend, Oregon, real estate market achieved historic milestones in April.
The Bend market had 522 active listings in April. That figure is the highest for any April in more than 10 years (the most since April 2014 – 555 listings). It’s also 70 percent more than the active listings in April 2024.
Even in a month with increased homes on the market, April’s median price in Bend hit a record of $830,000. Before April, the highest median price in any month was $799,950, set in July 2023. April’s median was 12.2 percent higher than March’s median and represented a 16.3 percent year-over-year increase.
It’s important to remember what the median price signifies. In April, half of the homes sold in Bend went for more than $830,000, and half went for less than that amount. Using the median – instead of an average of all home sales – reduces the impact of outlying prices.
Of the 147 homes sold in Bend in April, 28 (19.1 percent) were priced at $1.425 million or more. Those 28 homes are the most sold in a month at a price of $1.425 million or more – on the basis of total sales and percentage of all sales – since October 2024.
Sales of the highest-priced homes might have skewed that price tier’s inventory last month. We think it’s interesting nonetheless that two more moderately priced tiers – $625,100 to $725,000 and $725,100 to $825,000 – had a higher inventory in April than the inventory of Bend homes priced at $1.425 million and more.
April’s jump in median sales price brought the year-to-date median price to $749,500 – 9.7 percent less than April 2025’s median price and 5.6 percent more than the year-to-date median at the end of April 2024.
Our point is that as eye-popping as April 2025’s median sales price might appear, the broader context should make it seem more like part of the organic evolution of a dynamic and desirable real estate market.
Through April, the year-to-date median price in Bend has risen 2.7 percent from the year-end median in 2024. A consensus of forecasts for the entire United States market predicted an increase of 3 percent to 4 percent this calendar year. With summer – usually a busier season for the Bend real estate market – still to come, it’s conceivable that Bend will have a larger price increase in 2025 than nationwide forecasts, just as our median price exceeds the national median of $416,900.
April’s data from the Bend real estate market is another example showing that there is no one “right” time to be in the market. We think the more important point is that Bend remains a highly desirable place to live. And in our minds, that means there’s no “wrong” time to be in the market. If you are looking to buy or considering selling your home, I believe my experience in Bend, my knowledge of the market and my ethical, client-focused approach will be of benefit. I invite you to call (541) 362-1031 or click here to visit Bend Property Search and connect through my website.