John Schimmoller

Cell: 541.610.7826

Office: 541.728.0033

Get In Touch

Visit My Profile

42 NW Greenwood Ave.
Bend, OR 97703

Specialties: Residential Sales, Rural Properties, Commercial Sales and Leasing 

THIS MONTH'S ANALYSIS

What’s Happening in the Central Oregon Housing Market?

“In July 2024, Bend, Oregon's real estate market experienced a significant shift with active listings reaching 950 homes, marking a 15% increase from June and a 44% rise year-over-year. This is the highest level of inventory we've seen since 2019, offering a broader range of options for buyers. Historically, such an increase in supply suggests a potential easing of the market, which could lead to more balanced negotiations between buyers and sellers as we move forward.

-Ryan Buccola, Broker/Owner RE/MAX Key Properties

REAL ESTATE MARKET UPDATES FOR CENTRAL OREGON

Deschutes County

Notable metrics include:

The Median Sales Price of $649,000 decreased 4.9% month-over-month. 

The number of new listings decreased 6.9% from June.

The 5.4 months’ supply of inventory in July increased 11.6% from June and was up 47.1% from one year ago.

The average Close-to-List Price Ratio in July was 98.6%, meaning that homes sold for 1.4% less than the asking price. 

Days on Market decreased 25.1% from June and increased year-over-year by 5 days, from 50 to 55.

Deschutes County MARKET CONDITIONS

To filter, click on the legend below each graph.

Bend, OR

Notable metrics include:

The Median Sales Price of $749,000 decreased 6.3% month-over-month.

The number of new listings decreased 4.79% from June.

The 5.1 months’ supply of inventory in July increased 15.8% from June and was up 57.3% from one year ago.

The average Close-to-List Price Ratio in July was 98.7%, meaning that homes sold for 1.3% less than the asking price.

Days on Market decreased 22.6% from June and increased year-over-year by 4 days, from 43 to 47.

Bend, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Sisters, OR

Notable metrics include:

The Median Sales Price of $679,750 decreased 22.3% month-over-month.

The number of new listings increased 5.9% from June.

The 6.5 months’ supply of inventory in July increased 4.5% from June and was up 16% from one year ago.

The average Close-to-List Price Ratio in July was 98.2%, meaning that homes sold for 1.8% less than the asking price.

Days on Market decreased 47.8% from June and increased year-over-year by 3 days, from 47 to 50.

Sisters, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Redmond, OR

Notable metrics include:

The Median Sales Price of $529,500 decreased 2.8% month-over-month.

The number of new listings decreased 18.1% from June.

The 5.1 months’ supply of inventory in July increased 11.7% from June and was up 45.2% from one year ago.

The average Close-to-List Price Ratio in July was 99.1%, meaning that homes sold for .9% less than the asking price.

Days on Market increased 16.8% from June and increased year-over-year by 27 days, from 42 to 69.

Redmond, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

La Pine, OR

Notable metrics include:

The Median Sales Price of $385,000 decreased 9.9% month-over-month.

The number of new listings increased 6.9% from June.

The 7.9 months’ supply of inventory in July increased 7% from June and was up 37% from one year ago.

The average Close-to-List Price Ratio in May was 98.2%, meaning that homes sold for .8% less than the asking price.

Days on Market decreased 38% from June and decreased year-over-year by 26 days, from 105 to 79.

La Pine, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Prineville, OR

Notable metrics include:

The Median Sales Price of $445,000 increased 3.5% month-over-month.

The number of new listings decreased 24.6% from June.

The 5.1 months’ supply of inventory in June increased 11.3% from June and was down 1.5% from one year ago.

The average Close-to-List Price Ratio in July was 99.2%, meaning that homes sold for .8% less than the asking price.

Days on Market decreased 29.6% from June and decreased year-over-year by 26 days, from 78 to 52.

Prineville, Oregon, MARKET CONDITIONS

To filter, click on the legend below each graph.

Source: Information obtained from the MLS of Central Oregon

Additional Resources