Beverly Govi Oregon Real Estate

01/24/2026

A lot of buyers and sellers use these popular home valuation sites to find out real estate values. This is a good read that evaluates the top 3.

Redfin is often considered to have the most accurate home value estimates, boasting a median error rate of roughly 1.99% for on-market homes, compared to 3.2% error rate for Zillow’s Zestimate. However, Zillow is highly competitive, especially for active listings, while Realtor.com is known for having the most up-to-date listings data.
Redfin (Redfin Estimate): Generally recognized for high accuracy, particularly in urban areas, because it utilizes detailed, frequently updated MLS data and direct broker information.

Zillow (Zestimate): Very competitive with a low median error rate for on-market homes (1.83%–3.2%). It is excellent for tracking price history but can have wider variations on off-market homes.

Realtor.com: Known for having the most precise listing data due to direct, fast, and frequent connections to the Multiple Listing Service (MLS), though its, or its partners', home valuation tools may differ from Redfin/Zillow.

Key Takeaways:
For Accuracy: Redfin often leads in urban/suburban
areas.

For Listing Currency: Realtor.com is often considered the most current for on-market data.

Best Practice: Use all three as a baseline, but rely on a local appraiser or real estate agent for the most precise valuation

Information was found on Google

10/20/2025

Market Update

Bend, OR 97703
Mon Oct 20 2025
This week the median list price for Bend, OR 97703 is $1,499,900 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has decreased to 251.
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Redmond, OR 97756
Mon Oct 20 2025
This week the median list price for Redmond, OR 97756 is $594,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 201.
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Prineville, OR 97754
Mon Oct 20 2025
This week the median list price for Prineville, OR 97754 is $545,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has decreased to 165.
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

**Compliments of Frirst American Title

09/03/2025

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