What Sold in Bend: July 2026 Market Update
Heading into the late-summer and fall selling season, Bend's market is a tale of two narratives — sellers who misprice and wait 100-plus days, and sellers who price strategically and sell in under 10. Underneath it: two back-to-back months of the highest closed volume in nearly five years. Here's the July data across Bend, Redmond, and Central Oregon, and what it means for you.
Watch the full August market update — Bend, Redmond, and Central Oregon, straight off the Beacon Report.
The short version
Bend median: ~$780,000 in July (down slightly from ~$795K), with days on market around 13–18 and inventory near 3.5 months — the most balanced Bend has been in years.
Volume is the story: 201 then 187 closings the last two months — two of the highest-volume months in roughly three years, and a clear sign the rate-shock freeze is thawing.
Balanced market: buyers finally have leverage and choice; sellers can still sell fast, but only if they price right. Overpriced homes are sitting.
The headline: volume is back
The number I want you to sit with is closed transactions. Bend recorded 201 closings two months ago and 187 last month — and if you line up the last 36 months, that 187 is the second-highest month on the board. Two of the highest-volume months in roughly three years just happened back to back.
Compare that to recent summers: last year the same months ran 166, 173, 168. Two years ago, 143 and 148. Three years ago, 140 and 156. We're climbing back toward the numbers we haven't seen since the 2020–2022 stretch. When interest rates roughly 2.5x'd in a short window, it paralyzed the market — and this rebound in volume is the recovery into a more balanced market. Rates are sitting around 6.5%, about where they were a year ago, so this isn't a rate story — it's demand working its way back in.
Bend, by the numbers (July 2026)
| Metric | July 2026 | Context |
|---|---|---|
| Median sale price | ~$780,000 | Down from ~$795K; ATH ~$832K (Apr 2025) |
| Closed transactions | 187 | 2nd-highest of last 36 months (201 prior month) |
| Median days on market | ~18 | Under 30 for 5 straight months |
| Months of inventory | ~3.5 | 3rd straight month; up from the old 2–2.5 norm |
| Interest rates | ~6.5% | Roughly flat vs. a year ago |
Put the price in perspective: two of the last three months have closed near $800,000. Back in 2019–2020, Bend's median sat between $400,000 and $500,000 — just over six years ago. I can't tell you where the median lands in another six years — $900K? a million? — but history is a pretty loud indicator. If you're weighing a purchase, that's worth sitting with.
The tale of two sellers
This is the defining dynamic of the current market. On one side, sellers who believe their home is worth more than it is, price to that belief, and then wait — often 100-plus days — for the reality check before they get an offer. On the other, sellers who price strategically and get offers in as little as 7 days. The median days on market (13–18 lately, ticking up to about 18) hides that spread. Same market, two completely different outcomes, decided almost entirely by pricing. If you're selling, that's the whole game right now.
Inventory: more balanced than we're used to
Bend now has three straight months near 3.5 months of inventory. For years this town ran on 2–2.5 months — and before that, stretches of almost nothing. So 3.5 months feels like a lot locally, even though healthy markets elsewhere routinely run 5–6. Translation: Bend is drifting toward the middle. Not a buyer's market by national standards, but a genuinely more balanced one than we've had in years — which is exactly why buyers have room to negotiate again.
Redmond: the value play, with more inventory than Bend
Redmond's median came in at $525,000 — three straight months of steady growth off an April low of $460K (the lowest in three years). Its all-time high was $562K back in January 2025, and I've said for a while that Redmond's new baseline is roughly $500K. Against Bend's $780K, that's real value for buyers who like the town.
| Metric | Redmond · July 2026 |
|---|---|
| Median sale price | ~$525,000 |
| Closed transactions | 44 (down from 69) |
| Median days on market | ~27 |
| Months of inventory | ~4.0 |
Two things stand out. Volume dropped to 44 closings (from 69) — among the lower months of the last three years, which fits the classic July lull when people are traveling and checked out of real estate. And inventory hit about 4 months — the highest in roughly four years, possibly close to a decade. That means Redmond is actually carrying more inventory than Bend right now, which stacks the negotiating table further in buyers' favor there. For the full Bend-vs-Redmond trade-off, see my Bend vs. Redmond comparison.
The smaller Central Oregon markets
These markets record low monthly volume, so their medians swing more month to month — but here's the July snapshot:
| Area | Median | Closings | Inventory |
|---|---|---|---|
| Sisters | ~$753K | 19 | ~5.5 mo |
| Sunriver | ~$885K | 13 | ~5.5 mo |
| La Pine | ~$400K | — | ~9 mo |
| Jefferson Co. (Madras) | ~$400K | — | ~6.5 mo |
| Crook Co. (Prineville) | ~$400K | — | ~6 mo |
Sisters moved fast (7 days on market), and Sunriver's resort pricing can run anywhere from the mid-$800Ks up past $1.5M in a given month. The affordable rural triangle — La Pine, Madras, Prineville — sits around $400K with healthy inventory, which is where a lot of the value lives for buyers prioritizing space and price over being in Bend proper.
Yes, there's a fall season
Everyone talks about the spring market, and by mid-July a lot of people assume the transaction season is over. It isn't. July dips because people are traveling and living their summer — then activity picks back up in August, September, and October. Some of the busiest months of the last couple of years landed in September and October, and given the volume we just posted, I'd expect this fall to stay active. If you're planning to transact, this is the runway.
What it means for you
Buyers: this is a good window. Balanced inventory, strong-but-not-frenzied volume, and frustrated sellers mean you can negotiate — before rates drop meaningfully and pull the larger, less-strategic crowd off the sidelines. When that happens, competition rises and prices follow. The buyers acting now are thinking a move ahead, like a chess game, rather than waiting for the masses to sound the all-clear.
Sellers: you can absolutely sell — there are plenty of buyers. But the market is rewarding strategic pricing and punishing wishful pricing. Price it right and you're under contract in a week; price it on hope and you'll join the 100-day club.
For the deeper "why prices aren't crashing" picture, read Is Bend's Housing Market Going to Crash?, and compare against last month's June update to see the trend.
Buying or selling this fall?
Whether you want to price a home to actually move it or get in before the next rate-driven rush, I'll walk you through what the July numbers mean for your specific situation — no pressure, no pitch. Grab the free relocation guide, or book a 30-minute call.
Figures are from the August 2026 Beacon Report (July closed data) for single-family residences and are rounded; individual neighborhoods and price bands vary. Market data deemed reliable but not guaranteed.