Bend single-family home prices hold steady in December
Published 10:00 am Wednesday, January 8, 2025
- Bend home prices remain unchanged at $700,000 in December.
The median sales price of a single-family home in December remained unchanged in Bend from the previous month at $700,000, according to a monthly housing report.
For the past year, the single-family home price has jumped around from a low of $682,000 to a high of $800,000. The median sales price is affected by the percentage of homes sold with price tags of more than $1 million, according to the monthly report from Beacon Appraisal Group of Redmond.
The report uses the median sales price, which is the midpoint value of all transactions in a month.
Homes remained on the market for about 45 days in December, six days less than in November, and about the same for the past three months, according to the monthly report.
There remains a 2.5- month supply of homes on the market for sale, slightly less than in November, according to the report.
In Redmond, the median sales price of a single-family home also remained about the same at $498,000 in December, up $7,000 from the month prior, according to the monthly report.
The median sales price for homes in Redmond has hovered at the $500,000 mark for much of last year, according to the report.
Single-family homes in Redmond took an average of 57 days to sell in December, nearly double what it took in November. During the heyday of the pandemic, homes in Redmond took less than 10 days to sell. There remained a two-month supply of homes for sale in December in Redmond, according to the report.
In Sisters, the median sales price of a single-family home in December was $712,000, up a tad from November when the median sales price was $700,000. The number of homes for sale dropped to a two-month supply in December, compared to a four-month supply the month prior.
In Sunriver, the median sales price of a single-family home was $1.1 million in December, according to the report. That’s a decline of about $500,000 from November when the median sales price was $1.6 million, according to the report. About a three-month supply of homes remained on the market in December, according to the report.
In La Pine, the median sales price of a single-family home was $360,000 in December, up from November when it was $338,000. The number of homes available for sale shrunk in December from eight months to five months, according to the report.