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Posts from April 4th, 2024

Bend Premier Real Estate Blog

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April
4

Bend Home Prices Up and Inventory Levels Down

Despite the trends for January and February 2024 in which prices seemed to stabilize, the sales price of Bend homes rose unexpectedly in March. The year over year figure shows both median and average Bend home prices were up over 12% and inventory levels were down. When coupled with the steep rise in prices, affordability remains a major problem for potential Bend home buyers.

When March 2024 is compared with March 2023 for Bend single family homes on less than an acre, the following trends are noted:

  • Average sales price up 12% to $893,967*
  • Median sales price up 13.2% to $760,000
  • Average list price up 9....

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