The median list price for Deschutes County homes this morning is $726,950, after removing the top nine most expensive properties from the list. The median days a property is on the market from this list is 23. The median list price of the top nine homes in Deschutes County is $3.5M, although the most expensive home in the county just slashed the price $6.75M to $17,250,000! Four of the houses are in Sisters, one is in Terrebonne near Smith Rock, and the rest are in Bend. Of the 146 homes listed in Bend, the median list price is 940k, with the median days on the market at 23.
As the housing market has continued its climb to new highs, many buyers have shifted their focus towards vacant land. In Deschutes County, there are 49 lots listed between one and five acres, with the median list price at 550k. Lots under an acre are considerably more plentiful, with 125 lots for sale at a median list price of 254k and 162 days on the market. For those of you seeking an abundance of open space, there are 45 lots listed larger than five acres, with a median list price of 439k and 154 median days on the market. Many larger parcels lack infrastructure and require more development than a simple build, so bring your architect, builder, and creativity!
Bend zip code 97707 includes the resort communities of Crosswater,Caldera Springs, Deschutes River Recreation Homesites, Oregon Water Wonderland, and many other neighborhoods between Sunriver Resort and La Pine. This week, the median list price in 97707 is $1,749,500! A lack of inventory outside of the golf course communities is the culprit for the nose-bleed prices in the south county. Bend zip 97703 looks like a bargain with a median list price of $1,397,450 or Sisters at $1374,500. In contrast, there are 35 homes for sale in Central Oregon under 300k, showing the extreme diversity of our home inventory!
