Monthly market report
The median single-family home on less than an acre in Central Oregon sold for $658,330 in May, up 7% from May 2023. 292 sold, 21 fewer than May 2023. Bend: 141 sales at a median of $750,000 (+1% from a year earlier), and the typical home went under contract in 11 days. Redmond: 79 sales at a median of $550,000 (+12% from a year earlier), and the typical home went under contract in 14 days.
The median home sold for $658,330 in May 2024, against a range of $523,500 to $658,330 since June 2021.
May 2024: Median sale price $658,330
Supply stayed at 4 months or under in 2024 through May and in all of 2023.
May 2024: 3.3 months, a seller's market
Oregon Data Share MLS data; Ryan Realty analysis, Central Oregon single-family homes on less than one acre, May 2024 · the charts are the 36 months to May 2024 as this edition stored them · MLS records as of Sep 23, 2026 · updated Sep 23, 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. 4 months of supply or less is a seller's market, above 4 and under 6 is balanced, 6 or more is a buyer's market. 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 2024 edition, MLS records as of Sep 23, 2026
Bend and Redmond · May 2024
The median single-family home on less than an acre in Bend sold for $750,000 in May, up 1% from May 2023. 141 sold, 30 fewer than May 2023. Homes that sold went under contract in a median of 11 days. At the end of May, 396 were for sale against 755 sales over the past six months: 3.1 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 $750,000 in May 2024, against a range of $639,000 to $793,705 since June 2021.
May 2024: Median sale price $750,000
Oregon Data Share MLS data; Ryan Realty analysis, Bend single-family homes on less than one acre, May 2024 · the charts are the 36 months to May 2024 as this edition stored them · MLS records as of Sep 23, 2026 · updated Sep 23, 2026
Bend and Redmond · May 2024
The median single-family home on less than an acre in Redmond sold for $550,000 in May, up 12% from May 2023. 79 sold, 12 more than May 2023. Homes that sold went under contract in a median of 14 days. At the end of May, 173 were for sale against 322 sales over the past six months: 3.2 months of supply, a seller's market by our measure (4 months or less is a seller's market).
The median home sold for $550,000 in May 2024, against a range of $432,000 to $550,000 since June 2021.
May 2024: Median sale price $550,000
Oregon Data Share MLS data; Ryan Realty analysis, Redmond single-family homes on less than one acre, May 2024 · the charts are the 36 months to May 2024 as this edition stored them · MLS records as of Sep 23, 2026 · updated Sep 23, 2026
Oregon Data Share MLS data; Ryan Realty analysis. This edition counts closed sales and listings recorded through Sep 23, 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.
4 months of supply or less is a seller's market, above 4 and under 6 is balanced, 6 or more is a buyer's market. Months of supply is homes for sale at month end divided by the average monthly sales of the last six months.
