Amy Vlach

Cell: 541.771.1407

Office: 541.728.0033

Get In Touch

Visit My Profile

42 NW Greenwood Ave.
Bend, OR 97703

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

“The September 2026 Central Oregon housing market showed contrasting trends across the region. Deschutes County's median sale price increased 4%, while Bend remained relatively stable despite fewer closed sales. Sisters stood out with an 18% increase in median sale price, even as inventory grew nearly 40% and homes took longer to sell. Redmond, La Pine, and Prineville experienced declining median prices, with slower sales activity and greater inventory pressures. Overall, September reflected a market where pricing trends varied considerably, but increased competition among sellers continued to make accurate pricing and effective marketing essential.”

-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 September 2026 was $650,000, representing a 4.0% increase year-over-year from $625,000 in September 2025, reflecting continued stability in home values across the Deschutes County residential market.
  • New listings decreased 3.9% year-over-year, with 391 new residential properties coming to market compared to 407 in September 2025, indicating a slight slowdown in new inventory entering the market while buyers continue to have a variety of options.
  • The Absorption Rate in September 2026 measured 5.53 months, down 1.25% from 5.60 months one year ago, indicating market conditions that remain relatively balanced between buyers and sellers.
  • The average Cumulative Days on Market (CDOM) increased to 90 days, up 7.14% from 84 days in September 2025, while the median CDOM increased from 53 days to 56 days, suggesting slightly longer marketing times as buyers remain selective.
  • Active listings totaled 1,990 homes in September 2026, a 3.9% increase from 1,916 homes one year ago, while sold listings declined 12.4% to 387 closed sales compared to 442 in September 2025, reflecting slower transaction activity despite continued inventory availability.
  • Average sale prices decreased 1.60% year-over-year to $772,802 from $785,396, while the average active list price declined 6.81% to $907,549 from $973,895, reflecting continued price adjustments across both active listings and completed sales.

The key September 2026 real estate metrics for Deschutes County reflect a relatively balanced market with stable home values and moderating sales activity. While the median sales price increased year-over-year, declining average prices and longer marketing times suggest continued price sensitivity among buyers. Elevated inventory levels provide buyers with meaningful selection, while strategic pricing and strong property presentation remain important for sellers navigating the current market.

Deschutes County MARKET CONDITIONS

To filter, click on the legend below each graph.

Bend, OR

Notable metrics include:

  • The Median Sales Price in September 2026 was $715,000, representing a 0.36% increase year-over-year from $712,450 in September 2025, reflecting relatively stable home values across the Bend residential market.
  • New listings decreased 0.8% year-over-year, with 252 new residential properties coming to market compared to 254 in September 2025, indicating a steady pace of new inventory entering the market while providing buyers with continued opportunities and selection.
  • The Absorption Rate in September 2026 measured 4.55 months, down 15.90% from 5.41 months one year ago, indicating a faster pace of inventory absorption and market conditions that remain relatively balanced, with some continued strength in buyer demand.
  • The average Cumulative Days on Market (CDOM) increased to 89 days, up 5.95% from 84 days in September 2025, while the median CDOM increased from 50 days to 51 days, suggesting slightly longer marketing times as buyers remain selective and price-conscious.
  • Active listings totaled 1,008 homes in September 2026, a 7.7% decrease from 1,092 homes one year ago, while sold listings declined 8.1% to 239 closed sales compared to 260 in September 2025, reflecting slower transaction activity alongside tightening inventory levels.
  • Average sale prices decreased 4.20% year-over-year to $870,101 from $908,215, while the average active list price declined 6.26% to $1,072,903 from $1,144,593, reflecting price moderation across both active listings and completed sales.

The key September 2026 real estate metrics for Bend reflect a relatively balanced market with stable median home values and tightening inventory. While the median sales price increased slightly year-over-year, declining average prices and longer marketing times suggest continued price sensitivity among buyers. A lower absorption rate indicates steady underlying demand despite fewer closed sales, while strategic pricing and strong property presentation remain important for sellers navigating the current market.

Bend, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Sisters, OR

Notable metrics include:

  • The Median Sales Price in September 2026 was $875,000, representing a 17.85% increase year-over-year from $742,500 in September 2025, reflecting notable price appreciation across completed sales in the Sisters residential market.
  • New listings decreased 38.9% year-over-year, with 22 new residential properties coming to market compared to 36 in September 2025, indicating a significant slowdown in new inventory entering the market despite continued availability of homes for buyers.
  • The Absorption Rate in September 2026 measured 8.50 months, up 38.44% from 6.14 months one year ago, indicating market conditions that increasingly favor buyers, with elevated inventory levels providing greater selection and negotiating leverage.
  • The average Cumulative Days on Market (CDOM) increased to 101 days, up 65.57% from 61 days in September 2025, while the median CDOM increased from 51 days to 70 days, suggesting significantly longer marketing times as buyers remain selective and price-conscious.
  • Active listings totaled 148 homes in September 2026, a 39.6% increase from 106 homes one year ago, while sold listings declined 5.0% to 19 closed sales compared to 20 in September 2025, reflecting slightly slower transaction activity alongside a substantial increase in inventory availability.
  • Average sale prices increased 20.19% year-over-year to $982,626 from $817,537, while the average active list price declined 14.61% to $1,144,550 from $1,340,447, reflecting stronger pricing among completed sales despite downward adjustments in the broader active listing market.

The key September 2026 real estate metrics for Sisters reflect a buyer-favorable market characterized by elevated inventory, rising sale prices, and significantly longer marketing times. While median and average sale prices increased notably year-over-year, declining active list prices and slower sales activity suggest continued price sensitivity among buyers. With an absorption rate of eight and a half months and substantially more active listings, buyers maintain greater selection and negotiating leverage, making strategic pricing and strong property presentation especially important for sellers navigating the current market.

Sisters, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Redmond, OR

Notable metrics include:

  • The Median Sales Price in September 2026 was $499,000, representing a 4.41% decrease year-over-year from $522,000 in September 2025, reflecting continued price moderation across the Redmond residential market.
  • New listings increased 1.4% year-over-year, with 70 new residential properties coming to market compared to 69 in September 2025, indicating a relatively steady pace of new inventory entering the market while providing buyers with continued opportunities and selection.
  • The Absorption Rate in September 2026 measured 5.48 months, up 33.66% from 4.10 months one year ago, indicating a shift toward more balanced market conditions, with increased inventory providing buyers greater selection and negotiating leverage.
  • The average Cumulative Days on Market (CDOM) decreased to 73 days, down 6.41% from 78 days in September 2025, while the median CDOM decreased from 53 days to 42 days, suggesting that well-positioned homes continue to attract buyers and sell more efficiently despite increased inventory.
  • Active listings totaled 415 homes in September 2026, a 27.3% increase from 326 homes one year ago, while sold listings declined 15.3% to 83 closed sales compared to 98 in September 2025, reflecting slower transaction activity alongside increased inventory availability.
  • Average sale prices decreased 2.73% year-over-year to $559,669 from $575,402, while the average active list price declined 3.88% to $598,814 from $622,998, reflecting continued price moderation across both active listings and completed sales.

The key September 2026 real estate metrics for Redmond reflect a market moving toward more balanced conditions, characterized by increased inventory, moderating sale prices, and slower transaction activity. While median and average sale prices declined year-over-year, shorter marketing times suggest that well-priced homes continue to attract buyer interest. With an absorption rate approaching five and a half months and significantly more active listings, buyers have greater selection and negotiating leverage, making strategic pricing and strong property presentation important for sellers navigating the current market.

Redmond, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

La Pine, OR

Notable metrics include:

  • The Median Sales Price in September 2026 was $368,750, representing a 1.14% decrease year-over-year from $373,000 in September 2025, reflecting modest price moderation across the La Pine residential market.
  • New listings decreased 17.6% year-over-year, with 28 new residential properties coming to market compared to 34 in September 2025, indicating a slowdown in new inventory entering the market while buyers continue to have a variety of options.
  • The Absorption Rate in September 2026 measured 9.37 months, up 1.85% from 9.20 months one year ago, indicating market conditions that continue to favor buyers, with elevated inventory levels providing greater selection and negotiating leverage.
  • The average Cumulative Days on Market (CDOM) increased to 87 days, up 16.0% from 75 days in September 2025, while the median CDOM increased from 50 days to 57 days, suggesting longer marketing times as buyers remain selective and price-conscious.
  • Active listings totaled 253 homes in September 2026, a 5.4% increase from 240 homes one year ago, while sold listings declined 7.1% to 26 closed sales compared to 28 in September 2025, reflecting slower transaction activity alongside continued inventory availability.
  • Average sale prices decreased 1.46% year-over-year to $388,545 from $394,314, while the average active list price increased 19.03% to $600,021 from $504,110, reflecting a widening gap between asking prices and completed sales as sellers adjust to evolving market conditions.

The key September 2026 real estate metrics for La Pine reflect a buyer-favorable market characterized by elevated inventory, modest price declines, and longer marketing times. While median and average sale prices decreased slightly year-over-year, rising active list prices suggest a continued disconnect between seller expectations and buyer purchasing activity. With an absorption rate exceeding nine months and fewer closed sales, buyers maintain greater negotiating leverage, making strategic pricing and strong property presentation especially important for sellers.

La Pine, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Prineville, OR

Notable metrics include:

  • The Median Sales Price in September 2026 was $431,000, representing a 4.22% decrease year-over-year from $450,000 in September 2025, reflecting continued price moderation across the Prineville residential market.
  • New listings decreased 17.6% year-over-year, with 42 new residential properties coming to market compared to 51 in September 2025, indicating a slowdown in new inventory entering the market while buyers continue to have a variety of options.
  • The Absorption Rate in September 2026 measured 7.81 months, up 1.43% from 7.70 months one year ago, indicating market conditions that continue to favor buyers, with elevated inventory levels providing greater selection and negotiating leverage.
  • The average Cumulative Days on Market (CDOM) increased to 125 days, up 28.87% from 97 days in September 2025, while the median CDOM increased from 65 days to 86 days, suggesting significantly longer marketing times as buyers remain selective and price-conscious.
  • Active listings totaled 250 homes in September 2026, an 8.2% increase from 231 homes one year ago, while sold listings declined 33.3% to 30 closed sales compared to 45 in September 2025, reflecting slower transaction activity alongside increased inventory availability.
  • Average sale prices decreased 1.40% year-over-year to $465,062 from $471,687, while the average active list price increased 5.57% to $640,161 from $606,358, reflecting a widening gap between asking prices and completed sales as sellers navigate changing market conditions.

The key September 2026 real estate metrics for Prineville reflect a buyer-favorable market characterized by increased inventory, declining sale prices, and significantly longer marketing times. While both median and average sale prices decreased year-over-year, rising active list prices suggest a continued disconnect between seller expectations and buyer purchasing activity. With an absorption rate approaching eight months and a notable decline in closed sales, buyers maintain greater negotiating leverage, making strategic pricing and strong property presentation especially important for sellers.

Prineville, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Source: Information obtained from the MLS of Central Oregon

Additional Resources