97702 Housing Market Report February 2025•Deschutes County, Oregon

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Housing Prices in 97702, OR

How much do homes in 97702, OR cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$835,000$404/SqFt
+$255,005
+44.0%

Based on all homes listed in the last 12 months

Insight

The list price of homes in 97702 has increased by 44% since last year.

Summary: The median home list price in 97702 was $835,000 in February 2025, up 44% from the previous year, and the median price per square foot was $404.

Median List Price By Zip Codes

Median List Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
97707
+44.0%
97702
+44.0%
97703
+35.7%
97739
+12.5%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$607.5K$385K
-36.6%
2$572.4K$905K
+58.1%
3$559.9K$659.9K
+17.8%
4$582.4K$984.5K
+69.0%
5-$939.3K
N/A

Summary: 97702 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -36.6%. The home price for 2 bedroom homes increased by +58.1%. The home price for 3 bedroom homes increased by +17.8%. The home price for 4 bedroom homes increased by +69.0%. The home price for 5 bedroom homes did not change.

Housing supply in 97702, OR

How many homes are available in 97702, OR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthFeb 2025
132 months agoJan 2025
+7.7 %
Change MoMJan – Feb

Summary: The 97702 real estate market had 14 homes for sale in Feb 2025, a 7.7 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
211
0.0%
388
0.0%
423
+50.0%
522
0.0%

Summary: 97702 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 97702, OR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in 97702, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 97702 in February 2025, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and and 0% were sold over asking.

Days on Market for 97702, OR

How long does it take to sell a home in 97702, OR?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Many homes in 97702 are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 2 homes were sold in 97702; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
75 DaysThis YearFeb 2025
118 Days1 year agoFeb 2024
-35.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 97702 had an average listing age of 75 days in Feb 2025, down by 35.8% compared to the previous year.

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Newest Listings in 97702, OR

What homes are available in 97702, OR?

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MLS Disclaimers and Copyright

Based on information from Regional Multiple Listing Service, for the period 03/01/2023 - 03/01/2025

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/10/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.