Bend market zooms to record median home sale price of $832,000; Redmond reaches $540,000

BEND, Ore. (KTVZ) -- The Bend home sales market hit another record in April, and got there in dramatic fashion: an $84,000 jump in a single month, to $832,000, Beacon Appraisal Group said Wednesday in its monthly real estate report.

That's well above the previous record median price of $800,000, reached last fall and in the summer of 2023.

Of the 146 Bend home sales recorded in April, over a third (34%) were for $1 million or more, appraiser Donnie Montagner said.

Bend's housing inventory, meanwhile, climbed to a four-month supply.

"As expected for this time of year, the SFR (Bend single-family residential) marketing time fell from nearly a month in March to 23 days in April," Montagner added.

Redmond's housing market also experienced a short marketing time in April and an increase in the number of sales, when compared to March. April's median sales price of $540,000 is in line with the prices seen in March to July of last year, Montagner said.

Here's the full Beacon Report for April: