June 2025 Housing Market Report for Central Oregon

Bend: Balanced but Brisk (If You’re Patient)

The June 2025 Beacon Report paints a picture of a Bend market that’s cooling—but not cold. Inventory in Bend climbed to a five-month supply, and homes are sitting on the market a bit longer, with a median of 22 days—more than double the 10 days from this time last year.

But let’s be honest: “slow” in Bend still moves faster than freeway traffic after a Drake Park concert.

The median sale price in Bend clocked in at $772,000, a modest bump from May 2024’s $753,000. And if you’re thinking “only rich folks are buying,” well…you’re not entirely wrong: 30% of homes sold were over $1M.

As Donnie Montagner, residential appraiser and author of the Beacon Report, notes:

“The Bend SFR market climbed to about a 5 month (4.75) supply in May. While 30% of all sales were over $1,000,000 in sale price, the SFR median sale price was $772,000; slightly higher than seen in May of 2024 at $753,000. The median marketing times are longer at 22 days when compared to this time last year—10 days.”

Takeaways for Bend Buyers & Sellers:

• Buyers: Patience pays. With more inventory and slower sales, you might find a little more wiggle room in negotiations. Just don’t expect a fire sale on that Westside craftsman.

Sellers: Gone are the days of 12 offers in 24 hours. Price strategically, prep your home properly, and bring cookies to showings (hey, it can’t hurt).

Redmond: Resilient and Rebalancing

Over in Redmond, the story is slightly different—but equally telling. Inventory has increased to a three-month supply, indicating a market that’s loosening its collar after a long sprint.

The median sale price dipped to $514,000, down from $540,000 last May. But before anyone panics, that price aligns with Redmond’s stable run from June to December 2024, so think of it more as a plateau than a plunge.

Marketing time in Redmond edged up to 17 days, compared to 13 days in May 2024—not drastic, but worth noting.

As Donnie puts it:

“The Redmond SFR market also experienced an increase in inventory to about 3 month supply in May. The median sale price declined to $514,000; down from $540,000 the prior May, but the median sale price last month is in line with the median sale prices from June to December of 2024.”

Takeaways for Redmond Buyers & Sellers:

• • Buyers: You’ve got a bit more breathing room. Take the time to explore options and don’t be afraid to negotiate.

• Sellers: Price it right and prep it well. Homes are still moving at a healthy pace, but expectations from 2021 need to stay in…well, 2021.
  

Market Humor & Heartfelt Advice

So what does all this mean in human terms?

If you’re a buyer in today’s market, think of yourself as someone shopping during a post-holiday sale. The frenzy is over, but there are still good finds—just less competition at the racks.

If you’re a seller, remember: today’s buyer is thoughtful, informed, and probably checking Zillow in line at Market of Choice. You don’t need to panic—but you do need to polish.

In short, we’re seeing the return of a balanced market. And that’s a good thing. It’s healthier, less dramatic, and, let’s face it—less likely to give you hives.

Final Word

The market in Central Oregon is evolving, not unraveling. As always, lean on your trusted 

real estate professionals for guidance—we’re here to help you navigate every market, up or down, and maybe even make you laugh along the way.

And to Donnie at Beacon Appraisal Group—thanks for the data, the insight, and reminding us that real estate is equal parts numbers and nuance.

Need a strategic plan to buy or sell in Bend or Redmond? Let’s talk. We’ll bring the data—and maybe the cookies. 🍪

Read the full Beacon Report for Central Oregon June 2025