Bend, Oregon’s newest housing community, Parkside Place, officially opened its first model homes in April 2026 — offering more than 300 units with market-rate homes starting in the mid-$400,000s. That’s well below Bend’s current median sale price of $706,500, making this one of the most significant entry-point opportunities the Central Oregon market has seen in years.
For buyers who’ve been watching from the sidelines, this is worth a closer look.
What Is Parkside Place?
Parkside Place is a 37-acre mixed-income community on Bend’s southeast side, located less than a mile from everyday amenities — grocery stores, restaurants, and services. It’s the product of a public-private partnership between the State of Oregon, Deschutes County, the City of Bend, and Hayden Homes, and it’s already being held up as a model for how Central Oregon can tackle its long-standing affordability challenge.
The final buildout includes:
- 108 affordable deed-restricted rental units
- 30 affordable deed-restricted homes for sale
- 209 market-rate homes starting in the mid-$400,000s
- 5+ acres of open space and a 4-acre community park
All 139 affordable units carry 50-year deed restrictions, priced for households earning 80% of Deschutes County’s Area Median Income or below. The 209 market-rate homes starting in the mid-$400,000s represent a meaningful break from Bend’s typical price ceiling — and for buyers who’ve been priced out of established neighborhoods, this community is worth a tour.
Where the Bend Market Stands Right Now
Let’s put Parkside Place in context with what the spring 2026 market looks like across Central Oregon:
- Bend median sale price (Feb 2026): $706,500, down 2.88% year-over-year
- Active listings in Bend: 523 (up from 464 in January)
- Closed sales: 170 in February — a 21.4% jump vs. February 2025
- Months of supply: 3.4 — closely mirrors spring 2019 levels
- 30-year mortgage rate: 6.37% as of April 9, 2026 (Freddie Mac PMMS), down from 6.62% a year ago
That rate drop matters more than most buyers realize. On a $450,000 home with 20% down, today’s 6.37% rate means a principal-and-interest payment of roughly $2,246/month. At last year’s 6.62%, that same payment was approximately $2,307/month. It’s not a dramatic difference on paper — but over 30 years, it adds up, and lower rates are putting more buyers back in the math.
Buyers Are Moving — But Not in a Panic
Here’s what I’m seeing on the ground: buyers are engaged, but deliberate. Days on market in Bend have stretched modestly, giving buyers something that was nearly impossible in 2021 and 2022 — time to do proper due diligence. Inspections. Negotiations. Second showings. That window of measured decision-making is real, and it’s worth taking advantage of.
If you’re in the $400K–$600K range and have been waiting for Bend to “come down,” the data is sending a clear signal: prices have moderated, not collapsed. Inventory is still lean. And demand hasn’t gone anywhere — 21% more homes sold in February 2026 than a year earlier proves that.
What About Redmond and Sisters?
Buyers looking for even more value should take a serious look at Redmond, where the median sale price sits around $510,000–$524,000 as of early 2026. Homes are spending about 56 days on market — giving buyers more time and leverage. Redmond continues to grow as one of the most livable small cities in Oregon, with easy access to the outdoors, Redmond Airport, and a tight-knit community.
Sisters remains one of my favorite markets to talk about. Smaller inventory, yes — but the lifestyle is unmatched. Mountain views, a vibrant arts community, and a growing number of remote workers and retirees choosing it as their forever home. If Sisters is on your radar, it’s worth acting with intention; that market doesn’t wait.
The Bottom Line
Parkside Place is a signal. It tells us that demand in Bend is real enough to sustain major new development — and that both builders and policymakers are betting on Central Oregon’s long-term trajectory. For buyers, it represents a rare combination: a new community, a price point below the city median, and a spring market that’s more balanced than anything we’ve seen since before the pandemic.
If you’ve been thinking about making your move in Bend, Redmond, or Sisters, I’d love to have a real conversation — no pressure, just clarity.
Donnie Eggers | Principal Broker
Nexus 360 Realty | Bend, Oregon
nexus360realty.com
[email protected]
Serving Bend · Redmond · Sisters, Oregon
