Home Values in Central Oregon: Going Up, Crashing Down, or Holding Steady?

2025 has been a wild year in real estate. Mortgage rates remain unpredictable, inflation is cooling but still lingering, and many buyers and sellers in Central Oregon are wondering:"What’s next for home values?"

Let’s break it down — and talk about what your move might be.

💰 Are Home Prices Going to Keep Going Up?

In many Central Oregon neighborhoods, especially in Bend, Redmond, and Sisters, home values have held steady or dipped slightly compared to their pandemic peaks. But don't expect a dramatic crash.

Here’s why prices probably won’t plummet:

• Low housing inventory: There still aren’t enough homes to meet demand.

• Population growth: People keep moving to Central Oregon for the lifestyle and remote work flexibility.

• High building costs: Rising construction expenses are keeping new home supply in check.

• Stable job market: Our region remains economically resilient compared to many others.

So yes, prices may fluctuate — but a full-blown crash like 2008? Unlikely.

📉 But Could Prices Drop More?

Some segments are softening:

• Luxury homes are sitting longer.

• Fixer-uppers and properties needing work are getting passed over unless priced aggressively.

• Outlying areas may see more price pressure as buyers prioritize location and move-in readiness.

If interest rates stay high into 2026, we could see more price corrections — especially from sellers who bought high and need to relocate.

🤔 What Should YOU Do?

✅ Thinking of Selling?

Now’s still a solid time — but preparation matters.Price it right, make smart upgrades, and don’t rely on outdated 2021 pricing.

🏡 Thinking of Buying?

Don’t let “weird times” stop you. If you’re buying for the long term, this could be your chance to:

• Get in with less competition

• Negotiate repairs or seller credits

• Refinance later when rates come down

😬 Sitting Tight?

Totally fair! Many homeowners are holding onto low-rate mortgages and waiting things out.Just make sure your home is well-maintained and growing in value where it can.

🚚 Considering Leaving Central Oregon?

We get it — affordability is a real concern. But before you go, weigh:

• Equity you’ve built

• Lifestyle tradeoffs

• What you could afford somewhere else

Let’s chat before you list or leap.

📊 TL;DR

• Central Oregon isn’t crashing — but it's cooling.

• If you need to make a move, there’s still opportunity.

• If you're unsure what to do, you're not alone.

📩 Want a free market valuation or buy-vs-sell consult? I can help you sort through the chaos and find a smart path forward.

FAQs

Q: Are home prices still rising in Central Oregon?

A: In most areas, prices have leveled off or dipped slightly from 2021–2022 highs. However, due to low inventory and continued demand, a full crash is unlikely. Expect a flatter curve with pockets of appreciation depending on location and condition.

Q: Could home values crash like in 2008?

A: Unlikely. Lending standards are stricter, demand remains strong, and inventory is still tight. We might see price adjustments, but a crash isn’t predicted by most economists.

Q: Should I sell my home now or wait?

A: If your home is in good condition and you price it right, now is still a solid time to sell. If you're upgrading or relocating, consider timing your next move carefully depending on mortgage rates and where you’re headed.

Q: Is it smart to buy a home with rates where they are?

A: If you can afford the payment and plan to stay long-term, buying now can still be smart. You can refinance later if rates drop, and you may face less competition in today’s market.

Q: What if I’m not sure whether to buy, sell, or hold?

A: It depends on your personal goals, finances, and future plans. A local market analysis can help you make an informed decision based on your specific property and timing.

Q: What areas around Bend offer the best value right now?

A: Redmond, La Pine, Prineville, and some parts of southeast Bend still offer relative affordability with room for future appreciation.