Bend Oregon Housing Market: Prices, Rent and Sales Pace
Bend's home prices range from about $713K to $853K depending on which measure you read. This guide explains what each figure means before you compare them.
The Bend Oregon housing market puts a typical home at roughly $700K to $750K for sold or valued homes, and asking prices run higher. [1][2][3] To go further, see Allen TX Housing Market: Prices, Inventory and Rents Explained.
Redfin reports an average Bend house price of $713K for last month. [1] Zillow's median home value was $729,189 as of August 2026. [2] Bend Property Source puts the August 2026 median at $747,000. [3] Realtor.com's median listing price is $853K. [4]
These four sources are dated differently. Zillow's figure is as of August 31, 2026, and Bend Property Source's is for August 2026, while the Redfin and Realtor.com figures carry no stated date. [2][3]
The rest of this article defines each measure, so you can compare them without treating one figure as the whole market.
Why do the Bend price figures differ?
Redfin, Zillow, Realtor.com and Bend Property Source give different Bend prices because each one measures something different. Read the measure next to the figure before you compare them.
Sold prices, values and listings
A sold price is what a buyer actually paid when a sale closes. A home value estimate is a calculated figure for what a home might sell for, not a recorded sale. A listing price is the seller's asking price, which can change before any sale happens.
You can see the difference in the rows above.
Averages and medians also weigh expensive homes differently, so a mean and a median from the same month can still differ.
Why one figure is not the market
A single figure should not be read as the whole Bend market. Each source covers a different set of homes, a different month and a different method. A gap of several thousand dollars between two sources is therefore normal.
To get a useful picture, compare a sold-price measure, a value estimate and a listing price across several months. Then decide which number answers your question: what homes sell for, or what sellers ask.
Are Bend home prices going up or down?
Bend's median home price dipped in the latest reported month, but the change is too small to call a trend. Zillow's home value measure barely moved, while Bend Property Source shows a steeper drop. Both point the same way, but they measure different things.
Zillow's home value
Zillow puts Bend's median home value at $729,189 as of August 2026 [2]. That is a 0.2% gain from the prior month and a 0.8% decline over the year [2]. In plain terms, typical estimated values barely changed in the last month and sit slightly below where they were a year earlier.
This is an estimate of home values, not a record of what buyers paid. It shows the broad level of values, not what one house will sell for.
Bend Property Source's median price
Bend Property Source reports a larger monthly drop. The median price fell from $800,000 in July to $747,000 in August [3]. That is a $53,000 drop in one month for that source [3]. It is approximately 6.2% below the $796,000 median recorded in August 2025 [3].
Why one month is not enough
Zillow shows a small monthly gain and a small yearly decline, while Bend Property Source shows a bigger monthly drop and a larger yearly decline. The two figures are built differently, so they will not match exactly. Neither one, by itself, shows a turn in the market.
A change this small in one month falls within normal month-to-month movement. If you are buying, watch the direction over several months rather than reacting to a single report.
Try this: record each month's figure from the same source, then compare it with the same month a year earlier. If the gap to last year keeps widening, the decline is holding up. If the gap narrows, the dip may be fading.
How much does rent cost in Bend and how competitive is the market?
Both figures describe Bend as a whole, not one neighborhood.
What rent costs in Bend
Realtor.com reports a median rental price of $2.1K per month in Bend, up 5.15% year over year. [4] The median is a midpoint: about half of rentals cost more than that figure and half cost less.
Rent also matters for buyers. When rents rise, some renters start to consider buying instead, which adds people to the pool competing for homes for sale.
How competitive the market is
Redfin scores Bend's market 55 out of 100 for competitiveness and calls it somewhat competitive. [1] The score runs from 0 to 100 and measures how hard buyers are competing for homes.
A higher competition score means more buyers for each listing and less room to negotiate. Suppose a home draws four offers in its first week. You have little leverage to ask for a lower price, repairs or a seller credit, so you need to be ready to act quickly and offer close to the asking price.
A middle score does not mean every home sells fast. Higher-priced or less popular listings can sit longer and leave more room to negotiate. Compare how long similar homes have been listed before you decide how hard to push on price.
What this means for you
If you rent, budget around the current median and treat it as your starting point at renewal. If you buy, plan for competition: arrange financing and decide your offer range before you tour listings, so you can respond the day a good home appears.
Is the Bend market cooling because of mortgage rates?
Mortgage rates are the cause a local real estate blog gives for Bend's recent slowdown. The Bend Premier Real Estate blog says the Bend housing market weakened in September 2026 as rising mortgage rates reduced buyer purchasing power [5]. Buyer purchasing power is how much home you can afford on a given budget, so a higher rate leaves you a smaller price range for the same monthly payment. Related reading: Lafayette, LA Housing Market: Prices, Inventory and Rents in 2026.
That explanation describes one month, not a trend that will continue. It does not predict how long the slowdown will last or how far prices will move next.
Longer-term price data points the other way. Bend Source reports average annual growth of roughly 7.5% in both median sale price and price per square foot for single-family homes, in a report dated April 14, 2026 [6]. Growth at that pace means a home that costs more this year can cost noticeably more next year, which is why a slower month does not erase a year of gains.
The two reports fit together. Prices rose over the year covered by the April report, and rates climbed later, which the September blog post links to a weaker market. If you are buying, the rate effect is the part that matters most to your monthly payment, and the growth figure shows what you may face when you compare offers.
Neither report is a forecast. Each describes data that has already happened, so use them to understand the recent direction, not to predict where Bend prices will be in six months.
What should you do with these Bend numbers?
Use Zillow's home value and Redfin's sale price to judge what homes sell for, and Realtor.com's listing price to see what sellers ask. Each measures something different, so compare them instead of relying on one number.
The recent price dip is a reported fact, not a guaranteed direction [3]. The slowdown tied to rising mortgage rates is also a reported observation, not a forecast [5]. Before you decide, check the latest figures on each source's page, since these numbers change monthly.