Bend Single-Family Home Market Trends: 2025 Year in Review

As 2025 wraps up, the Bend single-family home market shows a year defined by steady pricing, increased activity, and a slower pace than the year before. Compared to 2024, the market gained momentum in volume but continued to push back on pricing power and speed.

Here's how 2025 stacked up against 2024.

Prices: Flat, Not Falling — But Buyers Had Leverage

The median sales price ended 2025 at $734,950, up just 0.7% year over year. In real terms, pricing was essentially flat.

At the same time, price per square foot declined 1.3% to $388, confirming what many buyers felt all year: sellers no longer controlled the conversation the way they once did.

Homes sold for an average of 95.5% of original list price, down 1.3% from 2024. Price reductions weren't optional for many sellers—they were necessary.

Sales Activity: More Closings, More Listings

Despite pricing pressure, activity increased:

• Closed sales: 1,770 homes, up 9.9%*

• New listings: 2,240, up 5.4%

• Pending sales: 1,511, up 3.2%

This was not a quiet year. Buyers were active, but they were deliberate, better informed, and far less emotional than in past cycles.

Dollar Volume: Higher — Driven by Transactions, Not Prices

Total closed sales dollar volume reached $1.62 billion, a 12.2% increase over 2024.

This growth came primarily from more homes selling, not higher prices. That distinction matters and reinforces that 2025 was a volume-driven market, not an appreciation-driven one.

Cash Buyers: Back in a Meaningful Way

Cash sales accounted for 29.6% of all transactions, up 5.5% year over year.

Cash buyers returned with confidence in 2025, particularly in the mid-to-upper price ranges. Their presence added competition in select segments but did not push the broader market back into frenzy territory.

Days on Market: The Market Took Its Time

The average list-to-close period increased to 81 days, up a notable 19.1% from 2024.

Homes sold—but they took longer, required better pricing, stronger presentation, and realistic expectations. The days of "list it and wait" were firmly in the past.

Inventory: Still Tight at Year-End

December 2025 closed with:

• 367 active listings, down 2.9% from December 2024

• 2.9 months of inventory, down 19.6% year over year

While inventory improved earlier in the year, it tightened again by December, keeping Bend firmly out of buyer-market territory. Supply remains constrained relative to demand, even with slower sales velocity.

Bottom Line

The 2025 Bend single-family market was stable, active, and measured.

• Prices held but stopped climbing

• Sales volume increased

• Cash buyers reasserted themselves

• Homes took longer to sell

• Inventory remained historically tight

For sellers, success in 2025 required precision—not optimism.
For buyers, patience and leverage finally mattered again.

As Bend moves into 2026, the market is balanced but alert. Those who price correctly and understand the pace will do well. Those who don't will sit.

*Data from Oregon Data Share via Domus Analytics 1-7-26