Market Intelligence · OR / Bend

Bend, OR 97701 Housing Market

The typical home in Bend's 97701 ZIP code is worth $607,438, down 2.0% over the past year as of 2026-07-01. Sellers were listing at a median of $680,000, and homes took a median of 64 days to go under contract as of 2026-08-01.

Updated August 2026Median value$604K

The median home value in Bend, OR 97701 is $604K as of August 2026, down 1.6% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97701 range

$555K to $652K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.6% over 12 months

Typical home value in 97701 over the last 12 months: $613K in Aug 2025 to $604K in Aug 2026 (-1.6%).

Aug 2025$613K

Aug 2026$604K

The numbers

What is the 97701 housing market like?

Typical home value

$604K

Down1.6%YoY

Median list price

$680K

Down0.4%MoM

Days on market

64

Up12.3%MoM

Homes for sale

228

Down5.0%MoM

Price cuts

21.8%

Up26.9%MoM

New listings

72

Up24.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 97701 home prices compare?

  • 97701$603,669
  • Bend$705,604
  • Oregon$458,140
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Bend: 4 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

Buyers in 97701 had 228 homes to choose from as of 2026-08-01, with 72 new listings hitting the market. The median list price of $680,000 sits well above the typical home value of $607,438, which suggests sellers are still aiming high. Homes took a median of 64 days to sell, so deals were not happening fast. With 21.8% of listings carrying a price cut, some sellers have already adjusted. If you are thinking of selling, plan on realistic pricing and some patience.

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