If you've owned a home in Bend for the last three to five years, you've built up real equity. The question a lot of homeowners are asking right now is — what is it actually worth, and is this a good time to sell?
Here's my honest take.
The Market Has Shifted — But Values Are Holding
Bend home prices peaked in 2022 and have softened since then. But "softened" doesn't mean collapsed. Median prices in early 2026 are sitting in the mid-$700s for single family homes — still strong by any historical measure. What's changed is the pace. Homes are taking longer to sell, and buyers have more negotiating power than they did two years ago.
I came from San Francisco — ready for a change, craving my Oregon roots, and looking for a place that felt like home. I was born in Sandy, Oregon. Bend fit from day one.
The first thing that surprised me was the sunshine. People hear "Oregon" and picture gray skies. But I arrived in early March and the sun was out. It's 38 degrees today and it's still shining. That never gets old.
The second thing that surprised me was how fast I felt like I belonged. Within the first year I was running into people at the grocery store. Nineteen years later, I can't go anywhere without seeing a familiar face. That's Bend — the soul of a small town with the amenities of a real city. Great restaurants, good shopping, and everything within a 10-15 minut...
If you've been watching the Bend real estate market, you've likely seen something that doesn't quite add up. One home comes on and sells quickly—sometimes with multiple offers—while another, similar on the surface, sits and struggles to gain traction.
Same market. Different results.
That gap is not random. It comes down to how precisely a home is positioned when it hits the market.
Not long ago, sellers in Bend rarely had to think twice about concessions.
Offers came in strong. Buyers competed. Terms were clean. In many cases, sellers dictated the structure of the deal and moved forward with confidence.
That is no longer the norm.
In today's market, concessions are back—and they are becoming a central part of negotiations. Buyers are asking for closing cost credits, rate buydowns, repairs, and in some cases, a combination of all three.
For s...
A few years ago, selling a luxury home in Bend was largely about timing. You could bring a well-presented property to market, and the conditions would do much of the work for you. Buyers were plentiful, competition was limited, and momentum built quickly. That version of the market is behind us.
Today, the luxury segment in Bend has shifted into something more disciplined. Buyers are still active, but they are far more deliberate. They are studying the market, comparing options carefully, and making decisions with a level of scrutiny that simply wasn't present a short time ago. Hom...