As 2025 wraps up, the Bend single-family home market shows a year defined by steady pricing, increased activity, and a slower pace than the year before. Compared to 2024, the market gained momentum in volume but continued to push back on pricing power and speed.
Here's how 2025 stacked up against 2024.

The median sales price ended 2025 at $734,950, up just 0.7% year over yea...
If you've been watching the housing market lately, you may have seen headlines about a surprising surge in pending home sales across the U.S. — the highest we've seen in nearly three years. That's a big deal for buyers and sellers alike, and when you pair it with what we're seeing locally here in Bend and Central Oregon, a clear picture starts to emerge: opportunity — but only if you understand the market on both the national and local level.
November brought a shift in the Bend real estate market: strong buyer interest paired with a significant drop in new listings. Pending sales saw a sizable jump from one year ago, even though closed sales held flat and overall pricing trended slightly lower. With fewer homes hitting the market, buyers had to act quickly on the most desirable properties, while sellers benefited from motivated purchasers—even if final sale prices continued to come in below original asking.
Who Hit the Pause Button?
Winter has arrived in Bend, and with it, the market slowdown we expect every year. The difference this December is subtle but important: the pace has eased, yet the underlying fundamentals remain surprisingly resilient. Whether you're gearing up to buy in early 2026 or preparing your home for a spring listing, here's what you need to know about the latest market trends.
New Listings: A Seasonal Retreat
New listings slid again this month — roughly 20% fewer year-over-year. Not surprising for December.
Bend homeowners tend to wait out the holiday season, choosing to list once we hit clearer skies, longer days, and stronger buyer activity. Sellers are preparing for the traditional early-year surge, and many are waiting for the right moment to re-enter the market.
How long will they wait?
Typically just a few more weeks. January and February bring a substantial inventory rebound.