What’s Really Happening in the Bend Real Estate Market in 2025

If you’ve been wondering what’s really happening in the Bend real estate market, 2025 is shaping up to be an interesting year. On the surface, things look strong: more homes are hitting the market, more homes are selling, and prices are still inching upward. But once you dig into the details, it’s clear that the market has shifted into a more balanced, thoughtful phase rather than the fast-paced frenzy we saw in years past.

Let’s start with the good news. New listings are up just over 2%, and sold listings jumped a solid 7.4% year over year. That tells us buyers are still active and motivated. Median sold prices also increased to $749,000, showing that values are holding steady and continuing to grow modestly. Bend remains a highly desirable place to live, and demand hasn’t gone anywhere, it’s just become more selective.

Where things really change is in how long homes are taking to sell. Average days on market increased from 55 to 71 days, and buyers are no longer willing to pay whatever price is put in front of them. The sale-price-to-original-list-price ratio dipped to 93.66%, which means negotiations are back in a meaningful way. Buyers have more leverage, and sellers need to be realistic from day one if they want to avoid chasing the market with price reductions.

One of the biggest takeaways I’m watching closely is the spike in expired listings, up more than 35% compared to last year. That’s a clear signal that pricing and presentation matter more than ever. Homes that are positioned correctly are still selling, while those that miss the mark are sitting or not selling at all. In this market, success comes from understanding current conditions, not relying on yesterday’s headlines. A smart strategy makes all the difference.