March 2026 Housing Market Report for Central Oregon

Hello, Central Oregon! Dust off your patio furniture and maybe keep that ice scraper handy for one more week—Spring 2026 is officially here. If you’ve been waiting for the real estate market to “do something,” well, it just did.

Our latest look at the March 2026 Beacon Report shows a market that is shaking off the winter “holiday hangover” and getting back to business. With interest rates hitting three-and-a-half-year lows, buyers and sellers are starting to flirt with the idea of a move again. As a top-tier team serving this region, David Keyte with Bend Relo is seeing this shift firsthand on the ground.

Here is the breakdown of what’s happening in our neck of the woods.

The Bend Breakdown: Luxury Leaps and Fresh Starts

In Bend, the big headline is the median sale price. After a few months of chilling out, the numbers took a noticeable northward turn.

“The Bend SFR (Single Family Residential) market had an uptick in median sale price in February—ending a downward trend in prices that began last November. The number of sales also increased last month. Bend SFR inventory held steady at 2.5 month supply.”

The “Why” behind the High: If you saw that median price jump and felt a slight twitch in your checkbook, don’t panic. The spike was largely driven by a surge in the luxury market—we saw 9 homes over $1.8 million close last month, compared to just 3 the month prior. While the total price went up, the median price per square foot held steady at $341, suggesting we are just seeing larger, high-end homes trading hands.

Active vs. Closed: In a weird twist, the median days on market for active listings is actually lower (49 days) than for closed sales (62 days). This means the “stale” winter inventory is finally moving out, and fresh, shiny new listings are hitting the market and grabbing attention fast.

Redmond: Solid as a Rock

Redmond is following a very similar, stable rhythm. It’s like the reliable sibling of the Central Oregon market.

“Redmond had a similar pattern as the SFR median sale price rose to $500,000, near the price levels in the last quarter of 2025. The number of sales increased and the inventory was stable at around a 2-month supply.”

Redmond continues to be a hot spot for those looking for that “just right” balance of value and lifestyle, with inventory remaining slightly tighter than Bend at just 2 months.

Pro-Tips for the Spring Scurry

For the Buyers: The “30-Day Rule”

Data shows that about 34% of homes in Bend sell within the first 30 days. If you love a house that just hit the MLS, expect to pay close to 99% of the list price. If you’re looking for a bargain, look for the “wallflowers”—homes sitting at 90+ days are where you find the 10-11% discounts.

For the Sellers: Experience Matters

It’s a tough market out there for the uninitiated. Did you know 71% of agents closed zero deals last year? This isn’t the market for “hobbyist” help. You need an expert like David Keyte with Bend Relo who can navigate the nuances of your specific neighborhood pocket.

A Note from David Keyte

“At Bend Relo, we believe that real estate isn’t just about the data—it’s about the transition. My goal is to combine a tech-forward strategy with deep local knowledge to help families find their footing in the High Desert. Whether you’re buying your first home or selling a luxury estate, David Keyte with Bend Relo is here to ensure your move is seamless and successful.” — David Keyte, Founder of Bend Relo

Moving is stressful. Whether you’re downsizing, upsizing, or just “sizing” for the first time, remember that these numbers are just tools to help you make the best decision for your life. Don’t let the charts keep you up at night—that’s what we’re here for!

Read the full Beacon Report for Central Oregon March 2026