Bend Real Estate Trends: May 2025 Monthly Market Report

The Bend real estate market remains dynamic, with notable fluctuations in home prices, inventory levels, and average days on market. Whether you’re a buyer, seller, or investor, understanding these trends is essential for making informed decisions. Let’s explore the May 2025 report and uncover what’s shaping the local real estate landscape.

Home Prices in Bend

The average home price in Bend for May 2025 is $672,000, marking a 3.4% increase from April 2025 and a 6.8% year-over-year growth compared to May 2024.

Key Drivers of Price Growth:

• Demand for lifestyle properties: Proximity to outdoor recreation remains a significant draw.

• Low housing inventory: Limited supply continues to push prices upward.

Historical Comparison:

• May 2024: $629,000

• May 2023: $589,000

The steady growth emphasizes Bend's enduring appeal among buyers seeking a balance of urban amenities and natural beauty.

Inventory Levels

Current Listings:

Bend has 1,080 active listings this month, showing a 12% increase from April 2025 but still 10% below May 2024 levels.

Seasonal Trends:

• Spring Surge: Warmer weather typically brings more sellers to the market.

• Supply Struggles: Despite new listings, the market remains tight due to strong demand.

Days on Market

Average Time to Sell:

Homes are currently spending an average of 42 days on the market, a slight improvement from 45 days in April 2025 but higher than May 2024’s average of 37 days.

What This Means:

• Buyers: More time to evaluate options but still a competitive market.

• Sellers: Pricing your home correctly is crucial to securing a quick sale.

Market Insights and Predictions

Trends Observed:

1. Outlying Areas Gaining Popularity: Buyers seeking value are exploring neighborhoods outside Bend, such as Redmond and Tumalo.

2. Increased Interest in Energy-Efficient Homes: Sustainability is becoming a key factor for many buyers.

Predictions for Summer 2025:

• Home Prices: Continued growth expected, though at a slightly slower pace.

• Inventory: Likely to rise as more sellers enter the market.

• Days on Market: Could decrease as buyer activity peaks in the summer months.

The May 2025 Bend real estate market showcases steady growth, with rising prices and a slight uptick in inventory. Buyers should act strategically, while sellers can capitalize on strong demand by listing their homes competitively.

Want personalized advice? Contact us today to discuss your real estate goals or subscribe to our newsletter for the latest market updates. Whether you’re buying, selling, or investing, we’re here to guide you every step of the way.

FAQs

1. Why are home prices rising in Bend?

Limited inventory combined with high demand for homes in a desirable location drives up prices.

2. What does “days on market” mean?

This metric tracks the average number of days it takes for a property to sell after being listed.

3. Is now a good time to buy in Bend?

While prices are on the rise, increasing inventory may offer buyers more options. Consulting a local expert can help you navigate the market effectively.

4. How can I stay updated on Bend’s real estate trends?

Subscribe to monthly market reports or follow reputable platforms like Zillow, Redfin, and Realtor.com for the latest insights.