The story of this market
The typical home in ZIP 97709 sells for about $700,000, or $378 per square foot.
Prices are down 6.7% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,495 a month.
ZIP 97709 — Bend
The Bend housing market is currently experiencing a correction as it realigns with pre-pandemic growth trends. While inventory remains tight, price growth has moderated or declined slightly year-over-year, reflecting a more balanced environment for buyers and sellers.
Median prices moved down 6.7% year over year.
Homes spend a median of 64 days on market with 2.8 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 7.9% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 97709, Deschutes County OR
Data retrieved from US Census Bureau profile for Bend city, Oregon.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.