Bend Metro Home Prices & Values

$258,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 17.3% 1-year change
  • 4.6% 1-year forecast

Market Temperature: Very HotWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Bend Metro is $258,500. Bend Metro home values have gone up 17.3% over the past year and Zillow predicts they will rise 4.6% within the next year. The median list price per square foot in Bend Metro is $175, which is higher than the Oregon average of $154. The median price of homes currently listed in Bend Metro is $324,500 while the median price of homes that sold is $259,200. The median rent price in Bend Metro is $1,150, which is higher than the Oregon median of $1,090.

Foreclosures will be a factor impacting home values in the next several years. In Bend Metro 7.7 homes are foreclosed (per 10,000). This is greater than the Oregon value of 5.2 and also greater than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Bend Metro is 8.3%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Bend Metro homeowners underwater on their mortgage is 15.4%, which is lower than Oregon at 17.5%.

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Relative ZHVI
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Bend Metro Market Overview

Data through May 31, 2014
  • $258,500 ZHVI
  • 4.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $324,500 Median listing price
  • $259,200 Median sale price
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Bend Metro Market Health

Data through May 31, 2014
  • 7.4/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 87 Average of days on Zillow (Apr 30, 2014)
  • 15.4% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 8.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

7.7 homes Bend Metro
5.2 homes Oregon
4.8 homes United States
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Cities in Bend Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Sisters $335,400 Bend $283,400 Redmond $185,200
La Pine $150,400    

Listings & Sales

Data through May 31, 2014
  • $175 Median list price / sq ft
  • $155 Median sale price / sq ft
  • 20.5% Listings with price cut
17.9%
Sold below listing
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Bend Metro Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,376 Bend Metro
$1,318 Oregon
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,150 Rent list price
  • $0.89 Rent list price / sq ft
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