September 2022 Bend Real Estate Market Report

Last Updated October 18, 2022

Over the past number of months, home prices in Bend have trended downward. September marked a reversal, with sale prices up 3% month-over-month. Still, the past month’s pending sale data indicates that October’s numbers will likely come in closer to $700k again. We expect prices to hover right around there for the time being.

If you’re hoping to sell your home, that isn’t terrible news at least. Still, average time on the market is climbing significantly, which is leading some sellers to start panicking.

How much you’ll need to compromise will depend entirely on the location of your home, overall condition, and level of finishes. Generally speaking, it’s important to be patient in the current market, but it may be necessary to contemplate significant price reductions depending on how aggressive you were out the gate.

In September, Bend’s inventory dropped slightly month-over-month, which is completely in line with the usual seasonal trend. Inventory should continue to decline heading into the winter. Needless to say though, homes won’t be as scarce in Bend as they were the past two winters.