Bend Oregon Real Estate Market Report — May 2026
The May 2026 snapshot of Bend’s single-family residential market. All figures are pulled directly from the MLS, verified by Matt Ryan, licensed Oregon principal broker.
At a glance
| Metric | Value |
|---|---|
| Active SFR listings | **874** |
| Median list price (active) | **$800,000** |
| Median sold price (last 6 months) | **$680,000** |
| Median days to pending | **28 days** |
| Median sale-to-list ratio | **96.8%** |
| Median price per sqft (sold) | **$383** |
| Months of supply | **5.02** |
| Market classification | **Balanced** |
| YoY median sold change | **-9.1%** |
What the data is telling us
Months of supply at 5.02 classifies Bend as a balanced market for May 2026. A balanced market means neither buyers nor sellers hold a structural advantage. The threshold is 4 months (seller’s), 4 to 6 (balanced), 6+ (buyer’s).
Median time to pending is 28 days. That is fast for a balanced market. Well-priced homes pend faster, often inside 2 to 3 weeks. Overpriced homes can sit 60+ days.
Median sale-to-list at 96.8%. A home listed at $700,000 typically closes around $677,600. That ratio was 99.2% during the 2022 frenzy and bottomed in late 2024 around 95.8%.
Year-over-year down 9.1%. Bend’s median sold has moved down 9.1% in the past year, from $748,115 to $680,000. This continues the cooldown from the 2025 peak.
Active inventory by price band
| Price band | Active listings | Share |
|---|---|---|
| Under $500K | 135 | 15.4% |
| $500K to $750K | 256 | 29.3% |
| $750K to $1M | 146 | 16.7% |
| $1M to $1.5M | 134 | 15.3% |
| $1.5M to $2.5M | 153 | 17.5% |
| Over $2.5M | 50 | 5.7% |
What this means for buyers
If you are buying, the relevant question is whether to act now or wait. The market is balanced, which means well-priced homes still get attention. Inventory is widest in the $500K to $750K band (256 active listings). If you can get pre-approved and ready to make decisions inside 14 days, you can compete for the good ones without overpaying. Get MLS-direct listing alerts so new inventory hits your inbox 24 to 48 hours before Zillow refreshes.
What this means for sellers
If you are selling, the median sale-to-list of 96.8% means you should expect a small concession off the original list. Pricing right on day one is the single biggest decision. Overpricing in this market produces a sit-on-market price drop cascade that closes lower than a correctly priced home would have. The fastest read on what your home is worth right now is a free CMA — written analysis of comparable sales adjusted to your specific home, delivered in 24 hours.
Methodology
All figures from the COAR/MLSCO MLS feed, refreshed daily into Ryan Realty’s database (Supabase listings table). Filters: City = 'Bend', PropertyType = 'A' (single-family residential, excludes condo, manufactured, land). Closed window: trailing 6 months from 2026-05-07. Months of supply formula: active / (closed_last_6_months / 6). Sale-to-list: final close price ÷ original list price.
For a deeper view across all of Bend’s submarkets and neighborhoods, see the permanent stats page.