REAL ESTATE NEWS | JULY 2025

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Families and dogs walk in a crowded, tree-lined street parade.

 
Families and dogs walk down a sunny street in a crowded community parade.
Bend's beloved Pet Parade - Bend Bulletin
Summer in Bend is the best, whether you love all the lively festivals and concerts or quiet outings like a meditative nook along a river, an outdoor piano concert, gardening or cooking Farmer's Market bounty at home. Real estate is slower than usual, with inventory climbing and prices dropping. There are currently 311 pending homes in Bend, so buyers are buying, but it's not as many as we want to see. See below for detailed market statistics, as well as a top job strength report, updating zoning laws, and expansion at the Old Mill District. Check out a new listing in Juniper Preserve, real estate jargon, neighborhoods, listings and more. Enjoy where you live... or ask for our help to move! :)
Bend Real Estate Market Snapshot
Bend real estate market update infographic with six July 2025 market metrics.
After a springtime surge, Bend’s housing market showed signs of cooling in June. The median sale price for single-family homes dropped to $693,000, the lowest since February 2024 ($682,000). 53% of active listings have had price reductions. While sales increased overall to 166 transactions, only 18% were over $1 million—down from 34% in April. The market now sits at a 5-month inventory supply, reflecting an expanding pool of listings, which hasn’t been this robust in over a decade. Inventory is currently 11 months for homes with a list price over $1.8M - there just aren't enough buyers to get these homes sold as quickly as sellers would like.
 
At the same time, median days on market ticked up to 24, indicating buyers are taking a bit more time to make decisions. New building permits also pulled back to 48 from 78 in April, suggesting some builders are tapping the brakes. Despite the price drop, consistent activity and rising inventory signal a more balanced market—providing new opportunities for patient buyers and realistic sellers. As we enter the height of the summer selling season, eyes will be on whether this balance holds.
Bend Tops the Nation for Job Market Strength
Table ranking cities by unemployment, earnings, income growth, and remote work; Bend, Oregon ranks first.
Bend, Oregon has claimed the top spot for the strongest job market in the U.S., according to SmartAsset. With a low 3.1% unemployment rate and a remarkable 44.2% income growth over three years, the city’s economic outlook is both resilient and promising. A short 16-minute average commute and 26.9% of residents working remotely also reflect the area's accessibility and flexibility in employment.
 
This booming job market reinforces what locals already know—Bend is an ideal place to live, work, and invest. Its economic strength supports a resilient housing market and continued demand across multiple sectors.
Read more about it here.
City of Bend
Big Housing News in Bend: Zoning Updates Approved!
 
The Bend City Council has passed a set of new housing code updates designed to increase housing options and support more flexible living arrangements. The changes include allowing row houses in existing neighborhoods, two accessory dwelling units (ADUs) per lot—up to 800 sq ft and 500 sq ft—and permitting second kitchens in homes. These updates are aimed at easing the housing shortage, supporting multi-generational living, and boosting rental potential.
 
This is a big win for smart growth and housing affordability in Bend.
Old Mill District Set for Major Expansion
 
Big changes are coming to Bend’s Old Mill District, with a major redevelopment plan now in motion. This multi-phase project will bring 350 new housing units, a large public park, expanded retail space, and a new roundabout to improve traffic flow. The 16-acre site—currently a parking area—will transform into a walkable, vibrant community hub just steps from the Deschutes River.
This development isn’t just growth—it’s a reinvestment in Bend’s livability and lifestyle. Learn more about the project here.
Old Mill District
Property Spotlight: 65885 Pronghorn Estates Dr.
Stone-and-stucco home with a wide driveway, landscaped grounds, and snow-capped mountains in the distance.
Experience elevated living at this stunning estate in the exclusive Juniper Reserve community. This 3-bed, 3.5-bath home offers refined finishes, a chef’s kitchen, and seamless indoor-outdoor flow with panoramic views of the Jack Nicklaus Signature Course and surrounding high desert landscape. Enjoy private resort access, including golf, spa, dining, and trails. Perfect as a luxury retreat or full-time residence, this home pairs natural beauty with sophisticated amenities.Offered at $1,790,000. See all photos & more details here!
Real Estate Jargon Made Simple
Real estate financing illustration with a house, falling arrow, coins, and a calendar percent sign.
BUY DOWN: The shortcut to lower payments—at least for a while!
 
A mortgage buydown is when you (or sometimes the seller or builder) pay upfront fees to temporarily lower your interest rate, often for the first few years of your loan. This means smaller monthly payments early on—perfect if you're budgeting for moving costs or want time to grow into your mortgage.
 
Think of it as giving yourself a financial breather at the start of homeownership. Just be sure to plan ahead for when the rate returns to normal!
Neighborhood Spotlight: Summit West
Bend’s Gateway to Adventure and Serenity
As one of Bend’s west side neighborhoods, Summit West offers the best of both worlds—access to outdoor adventure and the comfort of established community living. Just minutes from parks, trails, and schools, this scenic neighborhood is perfect for those who love to bike, hike, and explore. With beautiful homes, wide-open views, and close proximity to Phil’s Trail, Shevlin Park, Discovery Park and Compass Park, Summit West blends tranquility with convenience in true Central Oregon style.
 
Visit www.AvenirRealtyGroup.com to see more neighborhoods we love. What others would you like to see?
Map labeling Awbrey Butte, Summit West, River West, Old Bend, Southern Crossing, and Century West.
Avenir Realty's Latest Listings Activity
Modern lakeside home with a dock and boat, surrounded by pine trees and landscaped grounds.
Active
$5,495,000
 
Large tan home with tiled roofs and arched entries set against rugged rocky hills.
Active
$5,200,000
Aerial view of a large home and detached garage among trees, with mountains in the distance.
NE Bend
Active
$2,450,000.
A cabin among forested hills below sunlit red-rock cliffs.
Active
$1,649,000
Living room with exposed wood beams, vaulted ceilings, and wide windows overlooking trees.
SE Bend
Active
$1,589,000
Contemporary gray home with a wide driveway, attached three-car garage, and landscaped entry.
Active
$1,319,000
Coastal home with an elevated deck, hot tub, and blue umbrella overlooking the ocean.
Oregon Coast:
Active
$1,195,000
Two-story brick residence with multiple entrances, large windows, and mature trees along the sidewalk.
Active
$895,000
Blue-gray house and large garage beside a broad paved driveway, with woods behind.
Active
$665,000
Modern charcoal-sided homes with wood accents, exterior stairs, and a broad concrete driveway.
Active
$849,000
Gray single-story house with a blue front door, covered porch, and tree-lined walkway.
Pending
$999,000
Covered home entry with a bright blue double door, wide wood steps, and a bench.
Pending
$995,000
Blue-gray house with a covered porch, red swing, wooden front door, and landscaped shrubs.
Home + ADU
SOLD
$1,050,000
Outdoor patio with red chairs overlooks a shallow river and low weir.
Downtown Bend
SOLD
$925,000
Aerial view of a multi-story brick apartment building with a landscaped courtyard and nearby development.
SOLD
$910,000
Local News
The best things to do in Bend for summer
Woman holding a blue paddle while seated on a paddleboard on a sunlit lake.
Ask 100 people to describe Bend and roughly 90 or so will wax poetic about hiking some sun-dappled trail by a lake. Or maybe they’ll describe dancing in the grass […]
Seven souvenirs from your Bend adventure
People canoe on a mountain lake; a woman in the foreground takes a selfie.
There are Bend souvenirs, and there are BEND SOUVENIRS. The first camp includes the ol’ standbys like a Bend ballcap or a soy candle with high desert scents, and #nojudgment—we […]
Meet the B.C.D., Bend’s funkiest new neighborhood
Aerial view of a commercial complex with connected buildings, busy parking lots, and surrounding streets.
At some point on almost any trip to Bend chances are high you’ll end up wandering around downtown and the Old Mill District. But did you know there’s a new […].
Things to do in Bend on a Budget
Two skateboarders perform tricks on a red-brown ramp beneath leafy trees.
Let’s be real—Bend knows how to tempt you to open your wallet. One minute you’re grabbing brunch, and the next you’re signing up for a guided fly fishing trip, eyeing […]
Real estate agent in a black sleeveless blouse beside a wooden staircase.
Laura Blossey
Founder and Principal Broker
 
949-887-4377
Lic# 201204340
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All information deemed reliable but not guaranteed. If your property is listed with a real estate broker, this is not a solicitation of brokerage services. Laura Blossey, License 201204340, Avenir Realty.
 
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473 W. Hood Ave #102,
Sisters, OR 97759