As of October 2026, the Bend and Central Oregon housing market is steady but slower: Bend prices are roughly flat, Redmond prices are lower than a year ago, and buyers have more homes to choose from than they did in the spring. The Beacon Report, compiled from MLS of Central Oregon data, put Bend's September 2026 median single-family sale price at $728,000, up 2.1% from a year earlier, while Redmond's median fell 5.8% to $499,000 [3].
If you own a home in Bend, Redmond, Sisters, La Pine, Sunriver, Prineville, or Madras, the numbers in your town may look quite different from the statewide headlines. This post walks through the latest local data for Deschutes, Crook, and Jefferson counties, explains how 7% mortgage rates are shaping buyer budgets, and lays out what sellers and buyers in Central Oregon should do this fall and winter.
Data as of October 29, 2026. Local figures cover September 2026 or the three months ending September 2026 (sales and listings), the third quarter of 2026 (smaller Central Oregon towns), or the second quarter of 2026 (the FHFA price index), as noted for each source.
What Is the Bend Housing Market Like in Fall 2026?
Bend prices are holding, but homes are selling more slowly than they did in the spring. According to the October 2026 Beacon Report, which tracks single-family homes in the Bend area (not including condos, manufactured homes, or acreage), Bend recorded 155 sales in September, down 13.9% from 180 a year earlier [3]. The median sale price edged up to $728,000 from $721,000 in August and $713,000 in September 2025 [3].
Homes are also taking longer to go under contract than they did earlier in the year. The Beacon Report's median days on market for Bend sales rose to 38 days in September, up from just 13 days in April and May 2026, though still faster than the 45 days of September 2025 [3]. The report counted 492 active listings against 1,805 sales over the prior 12 months, or about three months of inventory [3].
Redfin's broader numbers, which include all home types and use a rolling three-month window, tell a similar story. Over the three months ending September 2026, Bend's median sale price was $699,667, down 2.0% from a year earlier, with 583 homes sold (up 0.9%) and a median of 42 days on the market [5]. Redfin found that homes sold for 98.9% of list price on average, 16.0% sold above list, and 48.0% of homes had a price drop, up 2 points from a year earlier [5].
Why the different medians? The Beacon Report counts only Bend-area single-family homes for one month, while Redfin includes condos and townhomes over three months. Both show the same thing: Bend values are close to flat, and buyers are price-sensitive.
How Are Redmond Home Prices Changing?
Redmond is softer than Bend this fall. The Beacon Report put Redmond's September 2026 median single-family price at $499,000, down 5.8% from September 2025, even though sales rose slightly from 57 to 59 and median days on market fell from 47 to 33 [3]. Inventory is the bigger change: Redmond had 168 active listings against 557 sales over 12 months, or about four months of supply, double the two months of a year earlier [3][4].
Redfin's three-month data for Redmond showed a median sale price of $469,776, down 7.3% from a year earlier, with 191 homes sold (down 13.6%) and a median of 49 days on the market [6]. The share of Redmond homes with a price drop jumped to 48.4%, up 11.7 points from a year earlier [6].
For Redmond sellers, that means competition from other listings, including new construction. The Beacon Report counted 15 new single-family building permits in Redmond in September, after a spike of 58 in July [3][4].
What About Sisters, Sunriver, La Pine, Prineville, and Madras?
The smaller Central Oregon markets have fewer sales each month, so quarterly numbers give a clearer picture. Comparing the third quarter of 2026 with the third quarter of 2025, appraiser Donnie Montagner summarized the Beacon Report's results this way [4]:
- Sisters: median price down 4.4% to $710,000, with sales up 34.6% to 35.
- Sunriver: median price down 10.0% to $855,000, with sales down 11.9% to 37.
- La Pine: median price up 2.1% to $383,000, but sales down 36.2% to 30.
- Jefferson County and Crooked River Ranch (including Madras): median price down 3.8% to $375,000, with sales up 17.5% to 47.
- Crook County (including Prineville): median price up 4.9% to $447,000, with sales nearly unchanged and median days on market up from 49 to 84.
Montagner noted "longer September marketing times and more inventory in La Pine and Crook County than in Bend and Redmond" [4]. The Beacon Report's September snapshot showed about nine months of inventory in La Pine and seven months in Crook County, compared with five months in Sisters, Sunriver, and Jefferson County [3]. In those towns, patience and sharp pricing matter even more.
How Much Inventory Is on the Market in Central Oregon?
More than a year ago, but not dramatically more. Realtor.com's data for the Bend-Redmond metro, which covers all of Deschutes County, showed 2,646 active listings in September 2026, up 3.8% from a year earlier and down slightly from 2,728 in August [7]. Pending listings fell to 757, about 9% fewer than the 831 of September 2025 [7].
Sellers are adjusting. Realtor.com counted 806 listings with a price reduction in the metro in September, about 30% of active listings, compared with roughly 27% a year earlier (our math from Realtor.com counts) [7]. The metro's median list price was $699,900, down 4.9% from a year earlier, and the median listing spent 86 days on the market, versus 93 days in September 2025 [7].
Over a longer stretch, values have barely moved. The Federal Housing Finance Agency's House Price Index for the Bend metro rose just 0.65% in the year ending in the second quarter of 2026, ranking 196th among U.S. metro areas, though it is up 29.24% over five years [8].
How Do Mortgage Rates Affect Central Oregon Buyers?
Rates are the biggest drag on demand. Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed rate averaging 7.24% as of October 29, 2026, down from 7.32% the week before and its lowest level this month, but well above the 6.17% of a year earlier. The 15-year fixed averaged 6.60% [1].
The Federal Reserve isn't offering relief yet. On October 28, 2026, the Federal Open Market Committee held its target range for the federal funds rate at 3.75% to 4.00% and said inflation "remains elevated." Two members voted for a quarter-point increase instead [2]. The Fed doesn't set mortgage rates, but its outlook moves the bond yields that lenders follow.
In Bend's price range, the rate gap adds up quickly. Using our own rounded math, principal and interest on a $560,000 30-year loan (20% down on a $700,000 home) is about $3,816 a month at 7.24%, compared with about $3,419 at 6.17%. That's nearly $400 more a month for the same house. Demand still exists, though: Redfin reports that Portland-area homebuyers search to move to Bend more than buyers from any other metro, followed by Seattle and Los Angeles [5].
What Should Central Oregon Sellers Do This Fall?
Price to Today's Comps, Not Last Spring's
Bend's median days on market nearly tripled between May and September [3], and nearly half of Bend and Redmond homes have taken a price drop [5][6]. Price from closed sales in your neighborhood over the last 60 to 90 days. Our guide to pricing your Oregon home right walks through the process.
Know Your Local Market's Speed
A home in Bend, with about three months of supply, is in a different spot than a home in La Pine or Crook County, with seven to nine months [3]. Plan your timeline, and your next purchase, around your own town's pace.
Be Ready to Negotiate
With price cuts common across the metro [7], expect buyers to ask for repairs, closing-cost credits, or help with their rate. Decide your limits before the first offer. Our guide to seller concessions and rate buydowns in Oregon explains how credits compare with a price cut.
Keep More of Your Equity
When prices are flat, what you pay to sell comes straight out of your proceeds. On Bend's September median of $728,000 [3], a traditional 3% listing commission would be about $21,840. A Flat Fee MLS listing at $199 to $1,099 would save roughly $20,741 to $21,641 of that listing-side cost. On Redmond's $499,000 median, 3% is about $14,970, so the savings would be about $13,871 to $14,771. Even our top Discount Full Service tier ($999 + 0.5%) would come to about $4,639 on a $728,000 sale. Under today's rules, buyer's agent pay is set in the buyer's written agreement with their agent and may be negotiated with the seller in the offer. Run your own numbers with our savings calculator.
What Should Central Oregon Buyers Know?
You Have More Room to Negotiate
With Redmond inventory at four months, price drops on nearly half of Bend and Redmond homes [5][6], and median listing time of 86 days metro-wide [7], buyers can often keep inspection and financing contingencies and still compete.
Watch the Smaller Towns
Sunriver's median fell 10% and Sisters' fell 4.4% in the third quarter [4]. If you have flexibility on location, compare Bend with Redmond, La Pine, Prineville, and Madras before you decide.
Plan for Rates
Get pre-approved, ask your lender how a seller-paid buydown would change your payment, and leave room in your budget in case rates move again. If you want help with the offer and deadlines, our buyer representation service puts a licensed Realty Net, LLC broker on your side.
How By Owner Oregon Can Help Central Oregon Sellers
By Owner Oregon, brokered by Realty Net, LLC, has helped Oregon homeowners sell since 2001, with 4,700+ homes sold. Our brokerage is a member of the Central Oregon MLS, so Bend, Redmond, Sisters, La Pine, Sunriver, Prineville, and Madras listings go on the MLS that local buyers' agents use. Your listing goes live on the MLS within 1–2 business days after your intake is complete and you approve your MLS draft.
- Flat Fee MLS ($199–$1,099): your home goes on the MLS while you handle showings and offers.
- Agent Assist ($499–$1,099, plus $700 at closing): add licensed broker coaching on pricing, offers, and negotiation.
- Discount Full Service: $299 + 1%, $599 + 0.75%, or $999 + 0.5% for full broker representation.
There's no compliance fee at closing on any package. SellerHQ™ with BuyerLink™ is built into every By Owner Oregon package, so buyer calls from Zillow and Realtor.com reach you, and you can manage your listing in one place. Compare packages and pricing to see which fits your sale.
Frequently Asked Questions
What is the median home price in Bend, Oregon in 2026?
The Beacon Report, based on MLS of Central Oregon data, put Bend's September 2026 median single-family sale price at $728,000, up 2.1% from a year earlier. Redfin's broader measure, which includes condos and townhomes, showed a $699,667 median for the three months ending September 2026, down 2.0% year over year.
Is it a buyer's or seller's market in Bend right now?
It's close to balanced and leaning toward buyers. Bend had about three months of single-family inventory in September 2026, but homes took a median 38 days to sell, up from 13 in the spring, and 48% of Bend homes had a price drop. Buyers have more choices and more room to negotiate.
Are home prices dropping in Redmond, Oregon?
Yes, modestly. Redmond's September 2026 median single-family price was $499,000, down 5.8% from a year earlier, according to the Beacon Report. Redfin's three-month median was $469,776, down 7.3%. Inventory doubled to about four months of supply, and nearly half of Redmond homes had a price drop.
How long does it take to sell a house in Central Oregon?
It depends on the town. In September 2026, Bend single-family homes took a median 38 days and Redmond homes 33 days to sell, per the Beacon Report. Smaller markets were slower, with about nine months of inventory in La Pine and seven in Crook County. Realtor.com's metro median listing time was 86 days.
What are mortgage rates in Central Oregon in October 2026?
Mortgage rates are set nationally. Freddie Mac reported the average 30-year fixed rate at 7.24% as of October 29, 2026, down from 7.32% the prior week but up from 6.17% a year earlier. The Fed held short-term rates at 3.75% to 4.00% on October 28. Your rate depends on credit, down payment, and loan type.
How much can a Bend seller save with a flat fee MLS listing?
On Bend's September 2026 median of $728,000, a 3% listing commission is about $21,840. By Owner Oregon's Flat Fee MLS packages cost $199 to $1,099, saving roughly $20,741 to $21,641 on the listing side. Buyer's agent pay is negotiated separately through the buyer's written agreement and the offer.
Market data changes quickly. The figures above come from the sources below for the periods shown, and the payment and savings examples are rounded illustrations, not loan quotes or valuations. This article is general information about the Central Oregon housing market, not financial or tax advice.
Sources
- Freddie Mac, Primary Mortgage Market Survey, "Mortgage Rates Decline Further to 7.24%," rates as of October 29, 2026: freddiemac.com/pmms
- Board of Governors of the Federal Reserve System, "Federal Reserve issues FOMC statement," October 28, 2026: federalreserve.gov
- Beacon Appraisal Group LLC (Donnie Montagner), "The Beacon Report, October 2026," October 13, 2026 (September 2026 data from the MLS of Central Oregon, with permission from COAR): beaconappraisers.com
- Barney's Bend Bugle, "Central Oregon enters fall with mixed housing market, appraiser says," October 13, 2026 (summary of the October 2026 Beacon Report, including Q3 2026 vs. Q3 2025 figures for smaller markets): barneysbendbugle.com
- Redfin, Bend, OR Housing Market (three months ending September 2026): redfin.com
- Redfin, Redmond, OR Housing Market (three months ending September 2026): redfin.com
- Realtor.com, Housing Inventory Core Metrics for the Bend-Redmond, OR metro (September 2026 data, updated October 1, 2026), via Federal Reserve Bank of St. Louis FRED: fred.stlouisfed.org
- Federal Housing Finance Agency, FHFA HPI Summary Tables, metropolitan area indexes, 2026 Q2: fhfa.gov
