Bend, Oregon Housing Market Trends
While it's convenient to find information about national trends, purchasing decisions are made on a local level. If you have a strong interest in the Central Oregon housing market trends, the following locally-focused information will hit the mark for you.
All the data gathered came directly from the local MLS.
Bend Housing Market Snapshot — September 2026 vs. August 2026
| Metric | September 2026 | August 2026 | Change |
|---|---|---|---|
| New Listings | 242 | 285 | −15.1% |
| Pending Sales | 208 | 249 | −16.5% |
| Closed Sales | 238 | 241 | −1.2% |
| Active Inventory | 927 | 945 | −1.9% |
| Median Sold Price | $720,000 | $710,000 | +1.4% |
| Median Active Price | $780,000 | $795,000 | −1.9% |
| Absorption Rate | 4.2 months (Balanced) | 4.3 months | Essentially unchanged |
Bend's transaction pace eased across the board in September — New Listings fell 15.1% and Pending Sales fell 16.5% from August, with Closed Sales essentially flat (−1.2%). Unlike August's unusual surge, though, this pullback is squarely seasonal: New and Pending typically drop 10-20% from August into September in Bend's history, so there's nothing unusual in this month's step down. Active Inventory told the more interesting story — it actually eased by less than the typical seasonal drop (−1.9% vs. a usual −3% to −7% August-to-September step), but at 927 homes it now sits about 16% below last September's 1,102 and below two Septembers ago (978) as well. The inventory build-up that stood out in August's report didn't continue into September; if anything, Bend's active count is now running below its recent-year September norm rather than above it.
Price signals were mixed and modest. Median Sold Price ticked up 1.4% to $720,000, while Median Active Price eased 1.9% to $780,000 — sellers who closed this month realized slightly stronger prices than August's sellers did, even as list-side asking prices pulled back a touch. Absorption Rate held at 4.2 months, still comfortably in Balanced territory and barely moved from August's 4.3 — no real shift in buyer/seller leverage this month, just a quieter one on both the transaction and inventory side.