Jamie Garza

Cell: 541.788.0860
Office: 541.728.0033
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42 NW Greenwood Ave.
Bend, OR 97703

LEVISON GROUP: Tony Levison
Dustin Hamlet, Jamie Garza, and James Keane

Specialties: residential real estate, property management, land acquisition, and commercial real estate

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

"September shows a market finding equilibrium as we head into the slower fall and winter season, though with notable divergence across communities. Bend's median is holding steady at $712,450, but markets like La Pine are experiencing meaningful price softening—down 9.1% year-over-year. New listings have slowed across the region, a dynamic partly driven by seasonal patterns and tightening seller inventory. Days on market remain elevated in some areas but are improving from summer peaks, particularly in La Pine where marketing time has decreased 13.5% year-over-year. The consistent close-to-list ratios of 96-98% indicate well-priced homes are still moving without dramatic discounting. With absorption rates ranging from 4-9 months depending on community, we're seeing pockets of strength alongside areas experiencing buyer advantage. For sellers in softer markets, pricing strategy is critical, especially as activity typically softens heading into winter. For buyers, particularly in communities with elevated inventory, this represents a window of opportunity. Professional guidance matters more than ever as Central Oregon's real estate market continues its market-specific adjustments after months of transition.”

-Ryan Buccola, Broker/Owner REMAX Key Properties

REAL ESTATE MARKET UPDATES FOR CENTRAL OREGON

Deschutes County

Notable metrics include:

  • The Median Sales Price of $625,000 increased 4.2% month-over-month and increased 4.2% year-over-year.
  • The number of new listings decreased 15.3% from August with 400 new properties coming to market.
  • The 5.51 months' supply of inventory in September decreased 7.4% from August but increased 2.4% from one year ago.
  • The average Close-to-List Price Ratio in September was 98.0%, meaning that homes sold for 2.0% less than the asking price.
  • Days on Market increased 10.3% from August to 79 days and increased year-over-year by 14 days, from 65 to 79.

The key September 2025 real estate metrics for Deschutes County shows stronger price momentum at the county level—a 4.2% year-over-year gain at the median—while the market continues to see extended marketing periods and moderating new inventory as we head into the fall season.

Deschutes County MARKET CONDITIONS

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Bend, OR

Notable metrics include:

  • The Median Sales Price of $712,450 decreased 1.4% month-over-month but increased 1.1% year-over-year.
  • The number of new listings decreased 26.4% from August with 250 new properties coming to market.
  • The 5.28 months' supply of inventory in September decreased 8.2% from August but increased 4.4% from one year ago.
  • The average Close-to-List Price Ratio in September was 98.4%, meaning that homes sold for 1.6% less than the asking price.
  • Days on Market increased 11.0% from August to 78 days but increased year-over-year by 19 days, from 59 to 78.

The key September 2025 real estate metrics for Bend show a modest pullback in new listings as the market maintains relatively balanced conditions with extended marketing periods compared to the prior year.

Bend, Oregon, MARKET CONDITIONS

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Sisters, OR

Notable metrics include:

  • The Median Sales Price of $742,500 decreased 4.0% month-over-month but increased 4.4% year-over-year.
  • The number of new listings increased 71.4% from August with 36 new properties coming to market.
  • The 6.09 months' supply of inventory in September increased 0.5% from August but increased 3.1% from one year ago.
  • The average Close-to-List Price Ratio in September was 96.0%, meaning that homes sold for 4.0% less than the asking price.
  • Days on Market decreased 16.2% from August to 56 days but decreased year-over-year by 20 days, from 76 to 56.

The key September 2025 real estate metrics for Sisters, showing a meaningful pullback in median price with significantly more new inventory entering the market, while days on market improved substantially compared to both the prior month and year-ago period.

Sisters, Oregon, MARKET CONDITIONS

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Redmond, OR

Notable metrics include:

  • The Median Sales Price of $524,000 increased 9.2% month-over-month but decreased 2.8% year-over-year.
  • The number of new listings decreased 37.9% from August with 67 new properties coming to market.
  • The 4.08 months' supply of inventory in September decreased 9.1% from August but decreased 19.8% from one year ago.
  • The average Close-to-List Price Ratio in September was 98.6%, meaning that homes sold for 1.4% less than the asking price.
  • Days on Market increased 2.6% from August to 74 days but increased year-over-year by 4 days, from 70 to 74.

This summary highlights the key September 2025 real estate metrics for Redmond, showing a notable uptick in median sales price with a sharp pullback in new inventory, indicating tighter market conditions and stronger seller positioning compared to recent months.

Redmond, Oregon, MARKET CONDITIONS

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La Pine, OR

Notable metrics include:

  • The Median Sales Price of $378,500 decreased 9.1% month-over-month and decreased 9.1% year-over-year.
  • The number of new listings decreased 22.7% from August with 34 new properties coming to market.
  • The 9.12 months' supply of inventory in September decreased 1.8% from August but increased 7.2% from one year ago.
  • The average Close-to-List Price Ratio in September was 97.7%, meaning that homes sold for 2.3% less than the asking price.
  • Days on Market decreased 36.1% from August to 64 days but decreased 13.5% year-over-year by 10 days, from 74 to 64.

This summary shows La Pine experiencing notable price softening both month-over-month and year-over-year, with tightening new inventory and improving days on market. The elevated absorption rate continues to indicate a distinctly buyer-favorable environment in this market.

La Pine, Oregon, MARKET CONDITIONS

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Prineville, OR

Notable metrics include:

  • The Median Sales Price of $450,000 increased 7.9% month-over-month but decreased 2.3% year-over-year.
  • The number of new listings decreased 21.4% from August with 51 new properties coming to market.
  • The 7.69 months' supply of inventory in September increased 2.8% from August and was up 43.2% from one year ago.
  • The average Close-to-List Price Ratio in September was 98.3%, meaning that homes sold for 1.7% less than the asking price.
  • Days on Market increased 11.0% from August to 88 days and increased year-over-year by 35 days, from 53 to 88.

This summary highlights the key September 2025 real estate metrics for Prineville, showing modest price growth with substantially longer marketing periods as the market continues to experience elevated inventory levels and slower sales velocity compared to the prior year.

Prineville, Oregon, MARKET CONDITIONS

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Source: Information obtained from the MLS of Central Oregon

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