The Central Oregon housing market is entering a new chapter. After years of historically low inventory and rapid price escalation, the market is finding its footing — and for savvy buyers and sellers, that creates real opportunity.
Here's a breakdown of what's happening right now in Sisters, Bend, and Redmond.
Bend: More Inventory, Smarter Buyers
Bend remains the heartbeat of Central Oregon real estate, and right now it's telling an important story.
Inventory has climbed to 714 active listings — a 44% increase since March — giving buyers the most selection they've seen in years. The median sale price came in at $682,000 last month, reflecting a 7.9% decrease year-over-year as the market recalibrates from its pandemic-era highs.
That said, well-positioned homes are still performing well. Properties priced between $579,000 and $765,000 are attracting serious buyers and going under contract in 35 to 49 days. The homes sitting on the market? Nearly 39% of active listings have taken a price reduction — a signal that sellers who priced to last year's market are now adjusting to today's reality.
What this means for buyers: Conditions haven't been this favorable in years. More inventory, less competition, and motivated sellers open to negotiation. If you've been waiting, your patience is paying off.
What this means for sellers: A great outcome is still very achievable — but it starts with pricing right from day one. Homes that are priced competitively and show well are still closing. Homes that aren't are watching days on market pile up.
Sisters: A Premium Market Being Selective
Sisters has always played by its own rules, and 2026 is no different. This is a lifestyle market, and the buyers who seek it out are discerning, financially capable, and in no rush.
Median sale prices have ranged from $552,000 to $677,500 over recent months, with the variation reflecting how sensitive a boutique market can be to individual transactions. Days on market have extended, giving buyers ample time to evaluate their options.
This isn't a distressed market — far from it. It's simply one where buyers are exercising the patience they now have the luxury of using.
What this means for buyers: Deliberate, informed offers are being received well. Take your time, ask questions, and negotiate confidently.
What this means for sellers: Presentation is paramount. In a market where buyers aren't rushing, the homes that win are the ones that feel move-in ready and are priced to reflect today's conditions, not yesterday's.
Redmond: Central Oregon's Best Value Play
Redmond continues to be the most accessible and arguably most underappreciated market in the region. With a median home price hovering between $499,000 and $524,000 — essentially flat year-over-year — Redmond offers meaningful value in a region where affordability is increasingly scarce.
Home values have softened slightly (down about 5.6% over the past year), but demand remains steady, fueled by first-time buyers priced out of Bend, remote workers seeking a lower cost of entry, and investors drawn to Redmond's long-term growth story.
What this means for buyers: Redmond offers the best dollars-per-square-foot value in Central Oregon right now. Whether you're buying your first home or adding to a portfolio, current conditions are as favorable as they've been in years.
What this means for sellers: Lean into your home's strengths — condition, location, and lifestyle amenities. The story of Redmond's growth trajectory is a compelling one, and the right agent knows how to tell it.
The Central Oregon Outlook
Across Sisters, Bend, and Redmond, one theme is clear: balance is returning to the market. Buyers have more time, more choices, and more negotiating power than they've had since before the pandemic. Sellers who price strategically and prepare their homes well are succeeding. Those clinging to peak-market expectations are waiting — and often netting less in the end.
The fundamentals that make Central Oregon special — world-class outdoor recreation, a growing regional economy, a quality of life that's hard to match — haven't changed. The market has simply matured.
Ready to Make Your Move?
Whether you're thinking about buying, selling, or simply want to understand what your home is worth in today's market, the Nexus360 Realty team is here to guide you.
We specialize in Sisters, Bend, and Redmond — and we know these markets inside and out.
