2024 Market Stats
2024 Market Stats
The Bend 2024 market stats are in, and the headline is simple: prices ended the year flat to 2023. That has not happened here in a long time.
Bend 2024 Market Stats: The Year at a Glance
For context, Bend was up 7% in 2023 and up 12% in 2022. A flat year is a real shift. And 2024 refused to follow the usual seasonal script. Our price peak landed in October, way past the typical May through August window.
Here are the numbers we watched all year:
• Median home price started and ended the year right around $700,000
• The low came in February at $682,000
• The peak hit $800,000 in October
• Total sales came in about 5% higher than 2023
• Homes sat on the market longer than they did in 2023
• Roughly one in three sales closed with cash or cash-like financing (hard money, private money, and similar)
Sarah and I crunch these numbers every month, so if you want the month-by-month story behind the annual picture, our February 2025 market stats recap picks up where this one leaves off.
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What This Means for Buyers and Sellers
If you bought in February, take a bow. That $682,000 median made it the best month of the year for buyers. Sellers had their moment in October, when the median touched $800,000.
Longer days on market cut both ways. Buyers got more time for due diligence before going pending, which means better-informed decisions. Sellers should plan for a calmer process. Multiple offers in the first weekend were the exception in 2024, and that pattern looks likely to hold.
The bigger takeaway is stability. Barring a significant move in interest rates, we expect 2025 to look a lot like 2024. Buyers can plan around a normal trajectory, and sellers know where they stand.
Cash Is Still King for Bend Investors
December told the sharpest story of the year. The median held at $700,000, only 105 sales closed (the second-lowest month, just behind February), and homes averaged 45 days on market. Then the kicker: 41% of December sales were paid in cash.
Winter is when cash buyers snap up Bend’s best deals. If you want to compete without a suitcase of cash, hard money and private money can put you in the same conversation. We break down how that works in our creative finance and private money guide.
Suzanne’s Final Thoughts
Flat is not boring. A stabilizing market gives buyers room to breathe, gives sellers realistic expectations, and gives investors a window while everyone else waits on the sidelines. We will keep bringing you the monthly numbers, and we will see you back here for the next recap.
Bend 2024 Market Stats FAQs
What was the median home price in Bend, Oregon in 2024?
The median hovered around $700,000 for most of the year. It bottomed at $682,000 in February, peaked at $800,000 in October, and settled back near $700,000 by December.
Was 2024 a buyer’s or seller’s market in Bend?
Neither side ran the table. Prices stayed flat to 2023, sales rose about 5%, and longer days on market gave buyers more negotiating room while October’s peak still rewarded well-timed sellers.
When is the best time to buy an investment property in Bend?
Based on 2024, winter. February had the lowest median price of the year, and 41% of December sales closed with cash, a sign that experienced investors hunt for deals while the market is quiet.