Where the Market Stands
The Central Oregon real estate market is active heading into spring 2026. After a period of adjustment in 2023 and 2024, the market has found solid footing. Prices are holding steady in most areas and buyer activity is picking up as rates settle.
Here is the data and what it means for you.
The Numbers
Bend's median sale price sits around $625,000 as of early 2026. Average days on market across Central Oregon is 28 days. Active listings hover around 340, which is low by historical standards. The list-to-sale price ratio is 98.5% over the past 90 days, meaning homes are selling close to asking price.
Redmond's median is approximately $450,000. Sisters comes in around $575,000. Sunriver averages $680,000, driven by resort properties and rental income potential.
What This Means for Buyers
Inventory is still tight. You will face competition on well-priced homes in desirable neighbourhoods, especially in Bend and Sunriver. Getting pre-approved before you start looking is not optional. It is essential.
The good news: sellers are more willing to negotiate on terms and closing costs compared to the peak market of 2021-2022. Inspections are back in play. Contingencies are being accepted. The market is more balanced than it was two years ago.
If you are relocating from Portland or Seattle, your dollar goes further here. A home priced at $625,000 in Bend would cost $800,000+ in those markets.
What This Means for Sellers
Your home is still a strong asset. Prices have held value in most Central Oregon communities. The key is pricing it right from day one. Overpriced homes sit. Well-priced homes get attention.
Preparation matters more now. Buyers are pickier with more options on the market. A clean, well-presented home with updated photos and clear pricing attracts serious offers.
The spring selling season is historically the strongest in Central Oregon. Listing between mid-March and June puts you in front of the most active buyer pool of the year.
Interest Rates
Rates have settled into a range that most buyers are adapting to. The days of 3% rates are gone, but the current environment is stable and predictable. Buyers who waited for rates to drop are now jumping in as inventory tightens.
Community-by-Community Snapshot
Bend: Competitive, especially on the west side. Inventory is lowest in the $500,000 to $700,000 range. Redmond: Strong growth with new construction providing more options. Prineville: The most affordable entry point. Investor interest is steady. Sunriver: Seasonal demand picks up in spring. Rental income properties move fast.
The Bottom Line
This market rewards preparation. Buyers need to be pre-approved, decisive and working with someone who knows the local inventory. Sellers need accurate pricing, strong presentation and a clear strategy.
I track these numbers every week. If you want a personalized breakdown for your situation, reach out. I will give you the real data, not a sales pitch.
Zach Nutter | The Z-Man
Fourth generation Oregonian. 200+ deals closed across Central Oregon. eXp Realty LLC.