Are Bend Oregon Home Prices Dropping or Rising in 2026?

This is the question I hear constantly right now, from buyers hoping for a deal and sellers wondering if they missed the peak. Here’s the honest answer.

The Short Version Bend home prices are not crashing. They are also not flying up the way they were in 2021. We’re in a slower, more balanced market, and that’s actually healthy.

What the Numbers Show Median home prices in Bend are holding relatively steady in the $700K to $730K range as of mid-2026. That’s down from the peak years but nowhere near a collapse. Inventory is up, around 5 months of supply. That gives buyers more options and more negotiating leverage than they’ve had since before the pandemic.

What This Means for Buyers This is genuinely a better time to buy than 2021 or 2022 was. You have choices. You can negotiate. You have time to do proper due diligence.

What This Means for Sellers Pricing matters more than ever. The buyers who are out there are informed and patient. Overpriced homes sit. Homes priced correctly for the current market are still selling. Condition and presentation matter more than they did when buyers were waiving inspections.

My Take Bend is not going anywhere as a desirable market. The outdoor lifestyle, the community, the weather, none of that has changed. If you’re buying for the long term, this market makes sense. If you’re selling, you need a strategy, not just a sign in the yard.

Kelly Johnson | Go Bend Homes | Bend, Oregon | Live Where You Love