Is It a Buyer’s or Seller’s Market? – Current Conditions in Bend, Oregon (May 2025)

Greg Powell
May 11
3 min read

Bend, Oregon, has always been a hotspot for real estate enthusiasts, offering stunning natural beauty, outdoor adventures, and a close-knit community. But whether you’re looking to buy or sell in May 2025, understanding the current market dynamics is crucial to making informed decisions. Here's a deep dive into the present conditions and what they mean for buyers and sellers.

Bend Real Estate Market Overview – May 2025

The real estate market in Bend as of May 2025 is stabilizing, offering opportunities for both buyers and sellers.

Key Metrics:

Median Home Price: $680,000, down slightly from last year’s $700,000 peak.
Inventory Levels: Moderate, with about 3.5 months of supply.
Days on Market (DOM): Homes are spending an average of 45 days on the market, up slightly from 2024.
Mortgage Rates: Around 6.2%, affecting buyer affordability but not demand significantly.

Is Bend a Buyer’s Market or Seller’s Market in May 2025?

Bend’s market is balanced right now, meaning conditions are favorable for both buyers and sellers, depending on the strategy.

For Buyers:

More Inventory: Browse a broader range of homes across Bend neighborhoods.
Negotiation Opportunities: Leverage longer days on the market to negotiate better prices and terms.
Challenges: Higher mortgage rates may require careful financial planning. Use this mortgage calculator to assess affordability.

For Sellers:

Competitive Pricing is Key: Overpricing may deter buyers, so rely on a local Bend Realtor for accurate market analysis.
Invest in Presentation: Homes with professional staging and minor upgrades tend to attract better offers.
Plan for Longer Sales Timelines: Expect a slightly longer time to sell compared to the high-demand years of 2020-2022.

Tips for Buyers in May 2025

Get Pre-Approved: Lock in your mortgage terms early to avoid surprises.
Be Patient and Decisive: While inventory is increasing, desirable properties—especially in neighborhoods like Old Mill District or Northwest Crossing—can still move quickly.
Focus on Value: Homes with energy efficiency and updated features offer long-term savings.

Tips for Sellers in May 2025

Highlight Local Appeal: Buyers continue to be drawn to Bend’s proximity to outdoor adventures and vibrant local culture. Emphasize these in your listings.
Stage Your Home: Learn about staging tips to make your home stand out.
Partner with an Expert: Work with a seasoned Bend Realtor for market insights and connections. Check out the Oregon Real Estate Agency for trusted professionals.

What’s Influencing Bend’s Market in 2025?

Seasonal Demand: Spring and summer remain peak times for real estate activity.
Economic Growth: Bend’s thriving tech and tourism sectors attract new residents year-round.
Interest Rates: Slightly elevated rates are encouraging buyers to weigh long-term affordability more carefully.

Neighborhood Spotlight – May 2025

In 2025, Bend continues to see high demand in:

Westside: Known for breweries, parks, and outdoor recreation.
Northwest Crossing: A family-friendly community with excellent schools and events.
Old Mill District: Popular for riverfront properties and entertainment options.

Is Now the Right Time to Buy or Sell?

Timing depends on your individual goals and financial position.

Buyers: Increased inventory and slower price growth make now an attractive time to buy.
Sellers: The market is still strong, but strategic pricing and presentation are crucial.

FAQs About Bend Real Estate in 2025

Q: Is now a good time to buy in Bend?

A: Yes. The market is stabilizing, offering more inventory and better opportunities for negotiations.

Q: What’s driving Bend’s real estate market?

A: Economic growth, the influx of remote workers, and Bend’s outdoor lifestyle keep the market vibrant.

Q: How can I start buying or selling in Bend?

A: Contact a local real estate expert for tailored advice, or explore tools like the Oregon Bond Residential Loan Program for first-time buyers.

Let’s Connect

Whether you're buying or selling in Bend this spring, I’m here to help you navigate the market. Reach out to schedule a consultation today and make the most of Bend’s unique opportunities.