THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

"The December 2025 Deschutes County housing market closed the year with stable pricing and slower, seasonal activity. County-wide, prices remained resilient amid tightening inventory and fewer new listings, while longer marketing times reflected a patient pace. In Bend, prices held around $700,000 with extended days on market. Sisters showed price strength near $812,000 despite higher inventory. Redmond saw moderate year-over-year growth to $522,000 with constrained supply, while La Pine edged slightly lower to $366,000 alongside increased inventory and buyer leverage. Prineville posted notable gains to $410,000 with improving marketing times. Overall, December reflected a balanced winter market with steady prices and strategic seller success."

-Cory Bettesworth, Managing Principal Broker, REMAX Key Properties

REAL ESTATE MARKET UPDATES FOR CENTRAL OREGON

Deschutes County

Notable metrics include:

  • The Median Sales Price in December 2025 was $631,500, representing a 5.35% increase year-over-year from $599,450 in December 2024, indicating continued price resilience across Deschutes County despite seasonal slowing.
  • New listings declined 7.1% year-over-year, with 195 new residential properties coming to market in December compared to 210 during the same month last year, reflecting typical wintertime seller pullback.
  • The Absorption Rate in December 2025 measured 3.74 months, down 5.79% from 3.97 months in December 2024, signaling a slower pace of sales and slightly increased buyer leverage as the market cooled.
  • The average Cumulative Days on Market (CDOM) rose to 95 days, a 15.85% increase from 82 days one year ago, while the median CDOM increased 25.49%, from 51 to 64 days, highlighting longer marketing periods and more deliberate buyer behavior.
  • Active listings decreased 1.3% year-over-year to 1,299 properties, while sold listings increased 7.8%, with 317 closed transactions compared to 294 in December 2024, demonstrating steady buyer activity even amid seasonal constraints.
  • The key December 2025 real estate metrics for Deschutes County reflect a seasonally slower yet stable market. Rising prices, fewer new listings, and longer days on market point to balanced conditions, with buyers taking more time to decide and sellers needing to price strategically as the market enters the new year.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

  • The Median Sales Price in December 2025 for Bend was $700,000, essentially flat with a 0.14% year-over-year increase from $699,000 in December 2024, signaling price stability at year-end despite broader market cooling.
  • New listings declined 4.5% year-over-year, with 105 new residential properties entering the market compared to 110 last December, reflecting typical seasonal hesitancy among sellers.
  • The Absorption Rate in December 2025 measured 3.41 months, down 10.73% from 3.82 months in December 2024, indicating a slower pace of sales and increased buyer leverage compared to last winter.
  • The average Cumulative Days on Market (CDOM) rose to 100 days, a 19.05% increase from 84 days one year ago, while the median CDOM climbed 32.65%, from 49 to 65 days, highlighting longer marketing times and more selective buyer behavior.
  • Active listings declined 3.7% year-over-year to 710 properties, while sold listings increased 21.9%, with 189 closed transactions compared to 155 in December 2024, demonstrating steady buyer engagement even as inventory tightened slightly.

The key December 2025 real estate metrics for Bend point to a balanced, seasonally slower market. Stable pricing, reduced new inventory, and longer days on market suggest buyers are taking a more deliberate approach, while sellers who price strategically continue to see consistent activity heading into the new year.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

  • The Median Sales Price in December 2025 for Sisters was $812,000, reflecting a 13.6% increase year-over-year from $715,025 in December 2024, highlighting continued price strength despite seasonal slowing.
  • New listings increased year-over-year, with 16 new residential properties coming to market in December, up 60% from 10 listings one year ago, signaling renewed seller activity at year-end.
  • The Absorption Rate in December measured 5.23 months, up 52.9% from 3.42 months in December 2024, indicating a slower pace of sales and a market leaning more toward balanced-to-buyer conditions.
  • The average Cumulative Days on Market (CDOM) rose to 82 days, a 51.9% increase year-over-year, while the median CDOM increased sharply from 25 to 55 days, reflecting longer marketing periods and more deliberate buyer decision-making.
  • Active listings totaled 82 properties, a 43.9% increase compared to last December, while 13 homes sold, down from 19 sales one year ago, underscoring reduced transaction volume amid elevated inventory.

The key December 2025 real estate metrics for Sisters point to a slower, more balanced market. While prices remained resilient year-over-year, higher inventory levels and extended days on market suggest buyers have gained leverage, and sellers must price strategically to remain competitive heading into the new year.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

  • The Median Sales Price in December 2025 for Redmond was $522,000, representing a 5.5% increase year-over-year from $495,000 in December 2024, signaling modest price appreciation despite seasonal slowing.
  • The number of new listings declined month-over-month, with 44 new residential properties coming to market in December, down 17.4% from November, reflecting a typical winter slowdown in seller activity.
  • The Absorption Rate measured 2.95 months, a 16.4% decrease year-over-year, indicating tighter inventory conditions compared to last December and a market that continues to favor sellers in well-priced segments.
  • The number of active listings totaled 231 properties in December, down 17.8% from one year ago, pointing to reduced available inventory and continued competition for buyers, particularly in mid-price ranges.
  • Days on Market increased, with Average CDOM rising to 83 days, up from 81 days one year ago, and Median CDOM increasing from 51 to 58 days, highlighting longer decision timelines and more cautious buyer behavior.
  • The key December 2025 real estate metrics for Redmond reflect a seasonally slower yet supply-constrained market. Price growth has remained steady year-over-year, while lower active inventory levels continue to support sellers who price strategically heading into early 2026.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

  • The Median Sales Price in December 2025 for La Pine was $366,400, reflecting a 0.9% decrease year-over-year from $369,900, as pricing softened slightly amid longer marketing times and elevated inventory levels.
  • The number of new listings declined sharply, with 16 new residential properties coming to market in December, down 46.7% from December 2024, highlighting a pronounced seasonal pullback in seller activity
  • The Absorption Rate registered 6.33 months, up 8.0% year-over-year, signaling a slower pace of sales and market conditions that continue to lean toward buyers compared to neighboring Central Oregon markets.
  • The number of active listings totaled 164 properties, up 9.3% from one year ago, indicating increased available inventory and more options for buyers as the year came to a close.
  • Days on Market improved modestly, with Average CDOM decreasing to 92 days, down from 114 days last December, suggesting that well-priced homes are still finding buyers despite overall slower conditions.

The key December 2025 real estate metrics for La Pine point to a market with ample inventory and cautious buyer demand. While prices edged slightly lower year-over-year, reduced new listings and improved marketing times may help stabilize conditions as the market moves into early 2026.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

  • The Median Sales Price in December 2025 for Prineville was $410,000, reflecting a 13.4% increase year-over-year from $361,450 in December 2024, indicating notable price appreciation despite a seasonally slower market.
  • The number of new listings declined year-over-year, with 25 new residential properties coming to market in December, down 7.4% from 27 listings one year ago, consistent with typical winter seller hesitation.
  • The Absorption Rate registered 5.01 months, down slightly 3.5% from December 2024, suggesting a modest improvement in sales pace while market conditions remain generally balanced.
  • The number of active listings totaled 160 properties, down 1.8% year-over-year, pointing to a slight tightening in available inventory as the year came to a close.
  • Days on Market improved compared to last year, with Average CDOM decreasing to 89 days, down from 96 days in December 2024, and Median CDOM declining from 60 to 44 days, signaling improved market efficiency for well-priced homes.

The key December 2025 real estate metrics for Prineville reflect a stabilizing market with strengthening prices. Reduced inventory levels, improving marketing times, and solid year-over-year price gains suggest renewed buyer engagement, while sellers who price appropriately continue to see positive momentum heading into 2026.
 

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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