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®.
