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Monthly market report
The median single-family home on less than an acre in Central Oregon sold for $615,000 in May, down 4% from May 2022. 313 sold, 113 fewer than May 2022. Bend: 171 sales at a median of $745,000 (+1% from a year earlier), and the typical home went under contract in 7 days. Redmond: 67 sales at a median of $490,000 (−8% from a year earlier), and the typical home went under contract in 26 days.
The median home sold for $615,000 in May 2023, against a range of $400,000 to $656,170 since June 2020.
May 2023: Median sale price $615,000
| Median sale price | |
|---|---|
| Jun 2020 | $400,000 |
| Jul 2020 | $438,495 |
| Aug 2020 | $444,975 |
| Sep 2020 | $460,000 |
| Oct 2020 | $450,000 |
| Nov 2020 | $459,950 |
| Dec 2020 | $449,000 |
| Jan 2021 | $475,000 |
| Feb 2021 | $475,000 |
| Mar 2021 | $499,695 |
| Apr 2021 | $520,000 |
| May 2021 | $546,585 |
| Jun 2021 | $560,000 |
| Jul 2021 | $580,000 |
| Aug 2021 | $560,100 |
| Sep 2021 | $590,000 |
| Oct 2021 | $589,450 |
| Nov 2021 | $586,950 |
| Dec 2021 | $559,500 |
| Jan 2022 | $595,000 |
| Feb 2022 | $640,000 |
| Mar 2022 | $649,900 |
| Apr 2022 | $649,000 |
| May 2022 | $642,500 |
| Jun 2022 | $625,000 |
| Jul 2022 | $624,950 |
| Aug 2022 | $656,170 |
| Sep 2022 | $650,000 |
| Oct 2022 | $579,000 |
| Nov 2022 | $585,000 |
| Dec 2022 | $523,500 |
| Jan 2023 | $564,250 |
| Feb 2023 | $569,995 |
| Mar 2023 | $575,000 |
| Apr 2023 | $590,000 |
| May 2023 | $615,000 |
Supply stayed at 4 months or under in 2023 through May and in all of 2022.
May 2023: 2.5 months
Oregon Data Share MLS data; Ryan Realty analysis, Central Oregon single-family homes on less than one acre, May 2023 · the charts are the 36 months to May 2023 as this edition stored them · MLS records as of Sep 30, 2026 · updated Sep 30, 2026
Central Oregon at a glance
Central Oregon, Bend and Redmond are read by month. The smaller towns sell fewer homes, so they are read over the last three months, which gives each median enough sales to stand on.
Press and hold a market to see its last 12 months.
A dash means too few sales to publish. A median needs 10 sales, and days to pending needs 10 sales with a pending date; a change from a year ago needs 30 sales in each year; a market call needs 30 sales in the last six months. A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. Months of supply is homes for sale at month end divided by the average monthly sales of the last six months.
Oregon Data Share MLS data; Ryan Realty analysis, single-family homes on less than one acre, except Terrebonne, Culver, Powell Butte and Camp Sherman (any lot size) · May 2023 edition, MLS records as of Sep 30, 2026
Bend and Redmond · May 2023
The median single-family home on less than an acre in Bend sold for $745,000 in May, up 1% from May 2022. 171 sold, 55 fewer than May 2022. Homes that sold went under contract in a median of 7 days. At the end of May, 271 were for sale against 751 sales over the past six months: 2.2 months of supply, a seller's market by our measure (4 months or less is a seller's market). By price the market splits: $400K to $500K, $500K to $600K, $600K to $750K, $750K to $1M and $1M to $1.4M ran as a seller's market, while $1.4M to $2M gave buyers more room.
The median home sold for $745,000 in May 2023, against a range of $468,000 to $785,000 since June 2020.
May 2023: Median sale price $745,000
| Median sale price | |
|---|---|
| Jun 2020 | $468,000 |
| Jul 2020 | $529,000 |
| Aug 2020 | $529,900 |
| Sep 2020 | $547,450 |
| Oct 2020 | $555,000 |
| Nov 2020 | $540,000 |
| Dec 2020 | $525,000 |
| Jan 2021 | $577,500 |
| Feb 2021 | $605,000 |
| Mar 2021 | $590,000 |
| Apr 2021 | $650,500 |
| May 2021 | $625,000 |
| Jun 2021 | $644,500 |
| Jul 2021 | $660,000 |
| Aug 2021 | $639,000 |
| Sep 2021 | $650,000 |
| Oct 2021 | $670,000 |
| Nov 2021 | $684,000 |
| Dec 2021 | $662,500 |
| Jan 2022 | $675,000 |
| Feb 2022 | $785,000 |
| Mar 2022 | $772,500 |
| Apr 2022 | $770,000 |
| May 2022 | $740,000 |
| Jun 2022 | $729,850 |
| Jul 2022 | $755,750 |
| Aug 2022 | $710,000 |
| Sep 2022 | $725,000 |
| Oct 2022 | $679,900 |
| Nov 2022 | $690,000 |
| Dec 2022 | $662,191 |
| Jan 2023 | $684,950 |
| Feb 2023 | $668,750 |
| Mar 2023 | $685,000 |
| Apr 2023 | $672,050 |
| May 2023 |
Oregon Data Share MLS data; Ryan Realty analysis, Bend single-family homes on less than one acre, May 2023 · the charts are the 36 months to May 2023 as this edition stored them · MLS records as of Sep 30, 2026 · updated Sep 30, 2026
Bend and Redmond · May 2023
The median single-family home on less than an acre in Redmond sold for $490,000 in May, down 8% from May 2022. 67 sold, 30 fewer than May 2022. Homes that sold went under contract in a median of 26 days. At the end of May, 114 were for sale against 280 sales over the past six months: 2.4 months of supply, a seller's market by our measure (4 months or less is a seller's market).
The median home sold for $490,000 in May 2023, against a range of $336,594 to $549,900 since June 2020.
May 2023: Median sale price $490,000
| Median sale price | |
|---|---|
| Jun 2020 | $336,594 |
| Jul 2020 | $349,500 |
| Aug 2020 | $359,990 |
| Sep 2020 | $370,000 |
| Oct 2020 | $379,000 |
| Nov 2020 | $369,960 |
| Dec 2020 | $389,900 |
| Jan 2021 | $378,082 |
| Feb 2021 | $393,650 |
| Mar 2021 | $427,000 |
| Apr 2021 | $429,144 |
| May 2021 | $461,001 |
| Jun 2021 | $470,419 |
| Jul 2021 | $460,500 |
| Aug 2021 | $465,000 |
| Sep 2021 | $454,423 |
| Oct 2021 | $460,000 |
| Nov 2021 | $460,658 |
| Dec 2021 | $475,673 |
| Jan 2022 | $508,450 |
| Feb 2022 | $505,000 |
| Mar 2022 | $533,250 |
| Apr 2022 | $544,835 |
| May 2022 | $530,000 |
| Jun 2022 | $535,000 |
| Jul 2022 | $510,462 |
| Aug 2022 | $549,900 |
| Sep 2022 | $544,559 |
| Oct 2022 | $485,000 |
| Nov 2022 | $469,375 |
| Dec 2022 | $432,000 |
| Jan 2023 | $433,975 |
| Feb 2023 | $450,000 |
| Mar 2023 | $438,881 |
| Apr 2023 | $474,231 |
| May 2023 |
Oregon Data Share MLS data; Ryan Realty analysis, Redmond single-family homes on less than one acre, May 2023 · the charts are the 36 months to May 2023 as this edition stored them · MLS records as of Sep 30, 2026 · updated Sep 30, 2026
Oregon Data Share MLS data; Ryan Realty analysis. This edition counts closed sales and listings recorded through Sep 30, 2026, and it is kept as published.
A dash means too few sales to publish. A median needs 10 sales, and days to pending needs 10 sales with a pending date; a change from a year ago needs 30 sales in each year; a market call needs 30 sales in the last six months. When a market falls short, the report prints a dash instead of an estimate.
A lower months-of-supply figure means fewer homes for sale relative to the recent sales pace. Months of supply is homes for sale at month end divided by the average monthly sales of the last six months.
| $745,000 |
| $490,000 |
