Bend, OR 97701 Real Estate Market Report

ZIP Code: 97701
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Bend, OR real estate market, as of April 2026, is characterized by a median sold price of $529,000, reflecting a stable market environment. The neighborhood has seen flat price trends, indicating that recent sales have not significantly deviated from previous values. This stability in sold prices suggests a balanced buyer-seller dynamic, where both parties are adjusting to current economic conditions, including elevated interest rates and rising rents.

Market activity is marked by elevated inventory levels, which may indicate excess supply relative to sales activity. The median days on market stands at 268 days, suggesting slower sales velocity. This prolonged time frame for properties to sell may reflect buyer caution amid rising mortgage rates, currently around 6.29%, which is above the early 2026 average of 6.00%. Overall, the market appears to be stabilizing, with a neutral temperature that suggests a balanced approach from both buyers and sellers.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Bend, OR are approximately 6.29% compared to an average of 6.00% in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $529,000 indicates a stable market, with prices showing flat trends.

2. With a median days on market of 268 days, the market is experiencing slower sales velocity, which may affect liquidity.

3. The median listing price is $629,950, creating a notable pricing gap compared to the sold price, suggesting potential pricing friction.

4. Elevated interest rates at approximately 6.29% are contributing to elevated interest rate pressure, impacting buyer sentiment.

5. The median market rent of $2,170 has increased year-over-year, indicating growing rental demand despite the overall market stability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.