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August
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August 1st, 2024 by

Prineville Home Sales Mixed

The Prineville Oregon real estate market appears to be showing good sales the first half of 2024. While home prices are up year over year, it is at what is considered a normal healthy market increase. New listings are up, but so are sold and pending homes. Days on market are down and inventory levels are reflecting a strong buyer's market. It appears that people are moving to Prineville and there is demand for active listings in the market.

When the first half of 2024 is compared with the first half of 2023, the following changes for Prineville real estate sales can be noted:
  • Average sales price up 5.5% to $424,172*
  • Median sales price up 3% to $415,750
  • Average list price up 3.7% to $448,024
  • Median list price unchanged at $432,495
  • New listings up 13% to 179
  • Homes for sales down 17.4% to 57
  • Pending sales up 5.9% to 144
  • Sold homes up 11.2% to 129
  • Median days on market down 31.3% to 44
  • Months of supply down 17.1% to 2.9
  • Average price per square foot up 5.6% to $262
  • Average percent of list price received up .6% to 99.2
  • Dollar volume of closed homes up 17.3% to $54,718,191
Prineville Median Sales Price 1st half 2024

Prineville Home Prices Considered Affordable for Central Oregon

With the median home price for Bend at $780,000, having home prices just over $400,000 in Prineville can create opportunities for home buyers who cannot afford other areas in Central Oregon. Even Redmond, which has often been considered a more affordable option to Bend, has $550,000 for a median home price. And Prineville, the oldest town in Central Oregon and the county seat of the entire area for over 30 years until Jefferson and Deschutes County were established, has a great history.
Categories: Central Oregon Real Estate Market Trends
Tags: Central Oregon Real Estate, Central Oregon Real Estate Trends, Prineville, Mortgage
Related Markets: Prineville
550 NW Franklin Ave., Suite 108
Bend, OR 97703
(541) 419-4730
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 06/03/2026. The listing information on this page last changed on 06/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 06/03/2026 12:00:23 AM EST) or RMLS (last updated Tue 06/02/2026 11:58:24 PM EST) or COAR/MLSCO (last updated Tue 06/02/2026 11:51:18 PM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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