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The Beacon Report – April 2024.

Central Oregon Real Estate - The Beacon Report

The Beacon Report – April 2024.

Bend Single-Family Residential (SFR) market had an increase in median sale price to $753k, up from $682k in February.  Nearly 25% of SFR sales last month were $1 Million and over.  As of today, there are 43 active listings in Bend for properties- exceeding $1.8 Million in asking price.  The SFR median marketing time fell to 20 days last month, down from 40 days in February.
The SFR median sale price in Redmond increased last month to $537k.   In March, the median sale price was $511k.  The median marketing time in Redmond was the highest (47 days) since February of 2023, which was 56 days.  The SFR median sale prices in the 1st quarter of 2024 slightly outperformed the 1st quarter in 2023 in Redmond.

              Jan 2023  $500k              Jan 2024 $507k
              Feb 2023 $483k              Feb 2024 $511k
              Mar 2023 $520k              Mar 2024 $537k
The quarterly figures are provided in this report for the smaller SFR market areas in Central Oregon.

The link to the most recent report is below.

– Donnie

The Beacon Report – April 2024

The Beacon Report is compiled each month by Donnie Montagner (State Certified Residential Appraiser) of Beacon Appraisal Group LLC with information obtained from the MLS of Central Oregon with permission from the Central Oregon Association of Realtors®.

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Mitch Darby

I am a real estate broker, architect (both licensed in the State of Oregon), and life-long Oregonian. If you are looking to buy or sell, I can help! I have Northwest Knowledge and am proud to be associated with Berkshire Hathaway HomeServices - Real Estate's Forever Brand!

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