April 2025 Market Stats

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📈 Bend Home Prices Hit a New All-Time High

That’s right — Bend’s median home price reached an eye-popping $832,000 in April, smashing the previous record of $800,000 set back in July 2023. That’s an $84,000 increase in just one month — an 11% spike!

To put it in perspective, since January, the median price has surged by $100,000. This kind of growth is unprecedented, especially in such a short window.

Why the Jump?

Usually, we see a springtime bump in prices around March, but this year the spike hit a month late — and with way more intensity than expected.

So, what changed?

Well, a third of all April sales in Bend were for homes over $1 million. That heavily impacts the median (remember: the median is the midpoint — 50% of homes sold for more than $832,000 and 50% sold for less).

We also suspect that many buyers were holding off, waiting for interest rates to drop. But when those rates didn’t budge — and stock portfolios started slipping — buyers said, “Enough. We’re done waiting.” April became the month to act.

🏡 April by the Numbers

Here’s a snapshot of what happened in the Bend housing market last month:

• Median Price: $832,000 (up 11% from March)

• Sales Volume: 146 homes sold (up 20% from March, but down 10% from April 2024)

• Days on Market: 21 days (down from 30 last month, but still slower than the 10-day average in April 2024)

• Inventory: 4 months of inventory, indicating a more balanced — possibly even buyer-friendly — market

• Price per Sq. Ft.: $411 — an all-time high in Bend

That last number is especially interesting. A price-per-square-foot in the $400s is something we’ve never seen here before. This likely reflects a wave of smaller, high-end homes being sold — think charming downtown cottages and historic logging cabins, now updated and ultra-desirable.