In 2024, the Sunriver and Bend real estate markets show distinct patterns in buyer appeal and market dynamics. Sunriver, with its resort-centric, vacation-oriented atmosphere, tends to have more stable pricing, attracting mostly second-home buyers and vacationers. Conversely, Bend’s market remains more active and fast-paced, driven by its city amenities and steady population of year-round residents.
Recent data from Sunriver indicates a modest dip in sales prices, averaging about 96.8% of the list price, along with a longer time on the market than in previous years. Nonetheless, it remains appealing to out-of-state buyers, particularly from cities like Portland, Seattle, and San Francisco, due to its lifestyle and recreational appeal.
On the other hand, Bend continues to see strong competition, with a median home price just above $747,000. Homes in Bend sell quickly, averaging just 16 days on the market, often with multiple offers, especially in prime areas. Limited land availability keeps supply tight, helping to sustain demand and support prices.
Overall, while both markets attract buyers interested in Central Oregon’s unique lifestyle, Bend’s market is more competitive and fast-moving, while Sunriver’s feels more stable, catering to a largely vacation-focused buyer group.
Sunriver generally commands a higher price per square foot compared to Bend. Recently, Bend’s average sits around $415 per square foot, while Sunriver’s resort-driven demand and limited inventory push prices above $500 per square foot, especially near sought-after amenities like the river or golf courses. This difference is largely due to Sunriver’s appeal as a vacation destination, with many properties used as short-term rentals or second homes, adding to their value.
As Bend’s market experiences a slight softening from increased inventory and more competitive pricing, Sunriver’s unique demand continues to support high square-foot pricing.
