Single-family home prices continue rising in Central Oregon

Published 4:00 pm Monday, February 8, 2021

A bag with money and wooden houses. Selling a house. Apartment purchase. Real estate market. Rental housing for rent. Home prices. Mortgage interest. Purchase demand. Property valuation. Insurance

The median price of a single-family home in Bend shot up $56,000 from December to January, according to the monthly Beacon Report on home sales.

In Bend, the median sales price of a single-family home was $580,000 last month, up from $449,000 in January 2020, according to the report. The Beacon Report uses the median sales price, which is the midpoint value of all transactions in a month. 

There were fewer than half a month’s worth of homes up for sale in Bend and Redmond, according to the monthly report, which is produced by the Beacon Appraisal Group of Redmond.

In Sunriver, January median single-family homes sold for $793,000, compared to $635,000 in December. 

Redmond’s single-family homes sold for a median price of $377,000  in January, compared to $330,000 the same time the year before, according to the report.

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