Bend’s median home sales price pops back up to $753,000 in May; Redmond’s rises to $540,000, appraisal report shows

BEND, Ore. (KTVZ) – The Bend area’s median home price bounced back in May to the $753,000 level it registered in March, regaining the $46,000 lost in April, the monthly report from Redmond’s Beacon Appraisal group shows. But the supply of homes for sale also ticked back up from two to three months, a level not seen for at least three years.

The Redmond area, meanwhile, saw its median home sale price rise a bit, up $7,000 to $540,000 in May. That’s just $2,000 below Redmond's record median sales price, experienced in the late summer of 2022.

Redmond’s inventory held steady at three months, as it has for much of the past year. But the days on market for sold properties dropped appreciably from earlier this year, to 13 days, from the 47-day sale period seen in February.

Appraiser Donnie Montagner noted that Bend’s median marketing time for sold homes was unchanged in May, at 10 days, a typical warmer-weather figure after many more days on the market, 40 or more, during the slower wintertime.

In Central Oregon’s smaller markets, May’s median home prices ranged from $892,000 in Sunriver and $700,000 in Sisters to $480,000 in La Pine, $444,000 in Crook County and $353,000 in Jefferson County.

Here's the full Beacon Report for last month: