
2 homes for sale in Black Butte Ranch, Sisters, with the live market behind every one. Median list $1,299,000.
Market data updated July 2026
Questions about Black Butte Ranch? 541.703.3095
Too few recent sales here for a standalone trend. This line tracks Sisters (city).
| Month | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Jan | $730K | $574K | $679K | $652K | $701K |
| Feb | $632K | $535K | $753K | $627K | $596K |
| Mar | $655K | $537K | $730K | $723K | $588K |
| Apr | $575K | $647K | $708K | $741K | $650K |
| May | $700K | $591K | $689K | $798K | $725K |
| Jun | $605K | $795K | $704K | $705K | $825K |
| Jul | $616K | $600K | $701K | $765K | $590K |
| Aug | $850K | $672K | $625K | $630K | — |
| Sep | $593K | $570K | $695K | $693K | — |
| Oct | $643K | $581K | $706K | $657K | — |
| Nov | $570K | $698K | $766K | $694K | — |
| Dec | $660K | $755K | $715K | $800K | — |
Live single-family figures from the regional MLS. Months of supply is active inventory divided by the homes closed in the last 6 months, then divided by 6. Four months or less is a seller’s market, four to six is balanced, six or more is a buyer’s market. Sale to list compares the final sale price to the asking price. Median to pending is days from listing to an accepted offer.
Black Butte Ranch sits about 8 miles northwest of Sisters, Oregon, at the base of Black Butte, surrounded by the Deschutes National Forest. Seven Cascade peaks rise on the horizon, and the 6,436-foot summit of Black Butte stands over the community to the northeast. The setting is high-country Central Oregon: stands of ponderosa pine, groves of aspen, open meadows, and a private lake spread across roughly 1,800 acres.
The land was a working cattle and horse ranch starting in the 1880s. The first house in the area, a small log cabin, was built by Till Glaze in 1881. In the mid-1930s, San Francisco businessman Stewart S. Lowery bought the property and gave it the name Black Butte Ranch. Brooks Resources acquired full title in January 1970 and developed the residential resort you see today, setting up the homeowner association at the same time. The first residents arrived in 1971. By 1987 the homeowner association had taken ownership of the golf courses, lodge, and shops.
The Ranch has two championship courses. Big Meadow, a Robert Muir Graves design updated in 2007, runs over 7,000 yards from the championship tees. Glaze Meadow reopened in 2012 after a renovation by architect John Fought and plays 7,007 yards from the back tees. The Little Meadow Putting Course, also a John Fought design, opened in 2020 as a third option.
Black Butte Ranch carries 27 miles of paved paths for biking and walking the property. There are five swimming pools, including a year-round indoor lap pool at the Glaze Meadow Recreation Center plus seasonal outdoor pools. The Ranch has 14 tennis courts and 12 pickleball courts. Professional wranglers run guided horseback rides, and the Deschutes and McKenzie rivers put fly fishing within reach.
Brooks Resources built the Ranch as a community of residential and summer homes with limited commercial activity, and that character holds. Homes here trade on what surrounds them: forest, meadow, mountain views, and direct access to the golf, trails, and water at the foot of the Cascades. If you want to see what is on the market at Black Butte Ranch, reach out and we will walk you through current listings.
An 18-hole course designed by Robert Muir Graves, playing over 7,000 yards from the championship tees, with Cascade views.
Resort guests and membersAn 18-hole course playing 7,007 yards from the back tees, renovated in 2012 by John Fought, with five tee sets and grass-faced bunkers.
Resort guests and membersA 12-hole putting course by John Fought, with holes between 45 and 105 feet.
Resort guests and membersThe main dining venue, with Pacific Northwest cuisine and mountain views, alongside the Aspen Lounge.
Open to publicCasual lakeside dining with breakfast, pizza, and craft beers.
Open to public27 miles of paved paths for biking, walking, and winter Nordic skiing, plus a private lake for fly fishing, canoeing, and paddleboarding.
Owners and guestsFull-service spa with massage, facial, and body treatments, with online booking.
Resort guests and membersHomes in Black Butte Ranch are served by Sisters School District 6.
The specific school assigned to each home (elementary, middle, and high) depends on the address within the district. Confirm with the district before purchasing.
See schools in this districtLocal housing news, market data, and buyer and seller guides for Black Butte Ranch and Sisters.
Jul 10, 2026Sisters closed 7 sales in June at an $825,000 median, and 5 of the 7 were cash. What a small-sample month really says. The July 2026 report.
Read the guide →
Jul 10, 2026Bend closed June at a $725,000 median, up 4.6% year over year, with 179 sales and homes going pending in 15 days. The full July 2026 market report.
Read the guide →
Jul 10, 2026Central Oregon crossed into buyer’s territory in June, the highest June supply reading since at least 2019, while sales rose 10.4%. The July 2026 report.
Read the guide →I'd highly recommend Matt Ryan as his attention to detail and art of the negotiations with data on both buyers/sellers is impressive. He seems to navigate the process between buyers / sellers to a "T" and he exemplifies the communication and clarity. You will not be disappointed ....
We had an excellent experience working with Matt! He was smart, understood our needs right away, and acted quickly while staying calm and patient throughout the process. Even in a tough market, he sold our home faster than we expected. Truly the best — highly recommend!
Matt is the most professional, communicative, and honest Real Estate Broker I have ever worked with. Matt kept me informed on a weekly basis as to the progress of selling my home in the Bend area. He had very constructive ideas to improve my property and always found a reasonable subcontractor to improve my chances of selling my home. If you are selling or buying a home I suggest you contact Matt Ryan immediately. Matt is the best!!
From the start of our journey to the end, Matt was right at every turn. Selling a house is an emotional roller coaster and Matt helped managed the downs while pridicting the ups. I highly recommend Ryan Realty for both buying and selling!
Matt did a great job helping us sell our home. His presentation and marketing were professional and thorough. He was patient, low pressure with us and provided expert guidance. We would not hesitate to recommend or use Matt's services again.
Matt was invaluable in guiding us through our purchase. He is responsive, professional, and above all, a trustworthy person. Matt was always willing to assist us no matter the numerous questions we asked, connecting us with local resources, arranging contractors, and generally helping us jump through the various hoops that it takes to buy a house from out-of-state. We highly recommend Matt!
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Black Butte Ranch attracts both primary-residence and second-home buyers. Short-term rental potential in master-planned and resort communities like this one varies by HOA rules, community covenants, and Oregon regulations. Reach out for current rental guidelines before making any assumptions about permitted use or income potential.
A real number, not a guess. Built from what your street actually trades for, the days on market on your block, and the comps that closed this quarter.

The median list price for a single-family home in Black Butte Ranch is $1,299,000 as of July 2026, based on live MLS data.
There are 2 active single-family listings in Black Butte Ranch as of July 2026.
Single-family homes in Black Butte Ranch had a median of 56.5 days on market over the past 12 months as of July 2026.
40 single-family homes sold in Black Butte Ranch over the past 12 months as of July 2026.
Black Butte Ranch includes Black Butte Ranch, Bbr, South Meadow, Glaze Meadow Homesite Section, Country House Condo. Homes across these subdivisions are marketed under the Black Butte Ranch community umbrella on the MLS.
Homes in Black Butte Ranch are served by Sisters School District 6. The specific elementary, middle, and high school assigned to a home depends on its address within the district. Visit our schools page for the full list of schools in the district.