It’s late 2025, and the real estate market in Central Oregon is stable with nice choices for buyers. Towns like Bend and Redmond attract families, people retiring, and those who want to invest because of jobs and fun outside activities. At Knightsbridge International Real Estate, we help people find their path in this spot with direct local advice. This post shares new market details, basic buying tips, and why real estate in Central Oregon is a good option. If you want to buy or sell, here is easy info to start.
Quick Look at the Central Oregon Real Estate Market Today
Real estate in Central Oregon has slowed after busy times. More homes are for sale. Buyers now have real options. Folks who work from home and nature lovers keep sales going. This happens near the Deschutes River and Mount Bachelor.
In the Bend-Redmond area, total home sales fell 16% to 5,400 in the year ending March 2024. That includes 4,625 existing homes and 770 new ones. The average price stayed at $686,600, up only 1% from the year before. There were 1,250 homes available in March 2024, enough for 2.6 months of sales.
In Deschutes County, the rate of empty homes for sale is low at 1.2%, which means the market is even. For more on these trends, look at the U.S. Department of Housing and Urban Development report.
Here are the main numbers for real estate in Central Oregon:
- Bend Average Price: $658,400 for the year ending March 2024, up 47% since 2020.
- Redmond Average Price: $490,400, up 63% since 2020.
- New Home Permits: 1,200 given out in the year ending March 2024, up 2% from before.
- Overall Trend: Prices are steady with small increases; look for slow growth as the economy gets better.
Fall has fewer buyers, so it’s simpler to get good deals with loan rates near 6.5%.
What Makes Real Estate in Central Oregon a Good Choice in 2025
Central Oregon gets people with firm jobs, fresh air, and quiet days. More than 300 sunny days come each year. The jobless rate in Bend was 5.0% in August 2025, below the U.S. average, from tech and tourist work per the U.S. Bureau of Labor Statistics.
Real estate here offers good deals. Buyers enjoy these things:
- Access to Outdoors: Homes near paths or water sell quickly, like those next to Deschutes National Forest.
- Strong Schools: Bend and Redmond have good school systems that suit families well.
- Chance for Rentals: Places like Sunriver get many tourists, which can make money from renting.
- Reasonable Prices: A home with three bedrooms in Redmond costs around $490,000, a lot less than in large cities like Portland.
- Green Advantages: Oregon solar discounts from the Department of Energy drop bills for green homes.
- More Jobs: Fields like health care and fun spots are adding work, with groups like St. Charles Health System getting bigger.
- Good for Remote Work: Lots of people here work from home, more than in other areas, which helps the place grow.
- Travel Help: Visitors spent over $1 billion in 2023, which supports shops and jobs nearby.
Choosing real estate in Central Oregon gives you a home and also ways to hike, ski, and join local fun. It’s a place where daily life feels even and enjoyable.
Simple Steps to Buy Real Estate in Central Oregon This Fall
Fall 2025 is a fine time to buy real estate in Central Oregon. Fewer people looking means you can make better deals, with loan rates close to 6.5%. Begin by getting approved for a loan ahead of time so you can act quickly.
Follow these easy steps:
- List What You Need: Write what matters, like being near schools or a large yard. The area is spread out, so choose your location with care.
- Look at Neighborhoods: Go see Bend’s Old Mill District for a busy feel or Tumalo for a quiet one. Check maps and areas in official papers to know more.
- Set Up Your Budget: Include taxes on property, about 1% of the home’s worth, and other costs. Try to pay 20% up front for better loan deals.
- Check the Home Fully: Look for ways to stay safe from fires, like open space around the house. Pick people to inspect who understand local rules about ground shakes.
- Make Smart Offers: Ask sellers to pay some closing fees. In this fair market, bids 2-3% less than asked often go through.
- Think of Add-Ons: See if the home can be fixed up or if it’s in a spot that floods. Ask about insurance soon.
- Team with Experts: Work with agents who know the rules here to skip problems.
For large pieces of land, look at the water rules from the Oregon Water Resources Department. This matters for farms or big backyards.
People investing should know that offices in Bend rent out fast, with few empty ones under 5%. Homes for rent are also in high demand, with low rates of being empty for family houses.
Future Look for Real Estate in Central Oregon: 2025-2027
Going forward, real estate in Central Oregon will likely grow at an even pace. Jobs should go up by about 2.8% each year until 2027, bringing more people here. Most new residents come from other states, like big West Coast cities.
Here are some points on what to expect:
- More People: The area might reach 228,800 residents by 2027, adding around 4,500 each year.
- Homes Needed: Expect 4,525 new homes to buy and 1,625 to rent in the next three years.
- Where Building Happens: More houses in Redmond for lower costs, and Bend gets more apartments.
- Job Growth Areas: Health care grows, like St. Charles ending a large build in 2025, adding space.
- Cost Issues: High costs to build and loan rates could slow things, but people still want to come.
- Cheaper Options: Check new areas in Redmond where prices are about 34% less.
- Rental News: Empty apartments are at 6.8%, with new ones coming soon.
This view shows a market that grows without big ups and downs, letting buyers find what they need.
Why Choose Knightsbridge International Real Estate for Your Search
Knightsbridge International Real Estate understands Central Oregon fully. Our spot on Bond Street in Bend deals with homes, offices, land, and farms without the trouble from large firms.
We pair you with reliable lenders and builders for simple closings. One buyer shared, “They made our Redmond home purchase easy with no worry.”
We find fits from basic houses to nice ones with views.
Time to Take Action in Central Oregon Real Estate
In late 2025, real estate in Central Oregon has stable prices and more options. As sales change and more homes come up, grab the chance for a life with mountains and work.
Reach out to Knightsbridge International Real Estate now. We will help you find the right one.