Bend Oregon Real Estate - January 2022 Trends

Real Estate Broker/Owner with Bend Premier Real Estate 200009031

Inventory Levels the Biggest Challenge for Bend Home Sales

January 2022 began the New Year with the same Bend housing market trends we experienced in 2021 - little inventory with a lot of demand. Bend Premier Real Estate Brokers are working with many buyers who are often discouraged when the available homes are sold before they can offer or end up in bidding wars. But with persistence, many of these buyers do successfully close on their Bend home and enjoy the many benefits of homeownership. 

Now may be among the very best times to be a Bend home seller. Prices are up, pending sales are up, inventory levels are down, and buyers are paying top dollar for Bend single family homes. Prices reached an all time high in 2021, but they are starting even higher in 2022. We expect Bend homes to continue to experience great demand in 2022 and prices to continue to rise, but perhaps at not as steep a rate as in 2021.

When January 2022 sales for Bend single family homes on less than an acre are compared with those from January 2021, the following changes can be seen:

  • Average sales price up 17.4% to $784,756*
  • Medium sales price up 17.8% to $683,000
  • New listings up 3.5% to 146
  • Homes for sale down 68% to 113
  • Pending sales up 69.9% to 260
  • Sold homes down 14.4% to 131
  • Medium days on market up 125% to 9
  • Months of supply down 68.8% to half a month
  • Average price per square foot up 18.4% to $392
  • Medium price per square foot up 19.7% to $364
  • Average percentage of list price received down 1.9% to 100.1%
  • Dollar volume of sold homes up .5% to $102,803,041

We Need Bend Real Estate Listings!

With home prices up, inventory levels down, Bend home sellers are recognizing the importance of listing now before the typical spring selling season when added competition may impact the sales price. Our Brokers are professionals who know how to price and market a home to best represent it and obtain good offers.

Bend Oregon Real Estate Bend Oregon Real Estate

 *Data from Multiple Listing Service of Central Oregon

Original blog can be read at Bend Premier Real Estate's blog.

Comments (8)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Lynnea... inventory is the biggest challenge right now in so many places. We've now got parts of the Charlotte area with just three tenths of a month of inventory. It's hard to call that inventory.

Feb 10, 2022 06:30 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Lynnea, sounds like January started out with a bang, and your home values are crazy! 

Feb 10, 2022 07:33 AM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hi Nina Hollander, Broker .  As you have so rightly pointed out in the past, your market and that of ours tend to follow similar paths. We have half a month of inventory - what a sellers' market!

Feb 10, 2022 08:51 AM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hi Joan Cox . Yep!  Home values are through the roof with no end in sight.

Feb 10, 2022 08:52 AM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Lynnea Miller between your report, Nina Hollander, Broker 's reports and several others I am envious. I experienced a few years in a boom market with our oil boom and prices did jump but nothing like what you and Nina are experiencing.

Feb 12, 2022 07:09 PM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Hi Bob "RealMan" Timm . It is amazing what has happened in our market over the past few years.  We have been on an uptick since the housing recession, but nothing like the Covid boom. 

Feb 13, 2022 09:26 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Lynnea, for sharing your excellent local real estate reports.

Feb 16, 2022 11:52 AM
Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Hi Lynnea Miller it looks like Bend OR is a hot market.  We have the same thing going on here in my area. 

Mar 03, 2022 01:31 PM