As of February 2025, the real estate market in Bandon, Oregon, can be described as a buyer’s market with a mix of opportunities and challenges. Home prices have shown some fluctuation, with the median sale price hovering around $550,000 in recent months, up slightly by about 4.8% from the previous year, according to available data. However, some reports indicate a median listing price closer to $675,000, suggesting variability depending on the type of property and specific market segments. Prices per square foot have increased, averaging around $323 to $348, reflecting a 17.7% rise in some areas over the past year, driven by demand for Bandon’s coastal charm and lifestyle.
The market is somewhat competitive but leans toward buyers, with homes taking an average of 63 to 113 days to sell, depending on the month and year. In December 2024, homes sold for about 4.8% below asking price on average, and only a small percentage sold above list price, indicating buyers have negotiating power. Inventory levels have been relatively low but stable, with around 84 to 153 homes for sale in recent months, a slight decrease or increase depending on the time of year. This limited supply continues to drive demand, especially for properties offering panoramic ocean views, rural charm, or proximity to attractions like Bandon Dunes Golf Resort.
Bandon’s appeal lies in its tranquil coastal lifestyle, world-class golf courses, and vibrant arts scene, attracting retirees, second-home buyers, and investors, particularly for vacation rentals. However, challenges include rising natural risks, such as a 10% risk of severe flooding and a 43% risk of wildfire over the next 30 years, which could impact property values or buyer interest. Additionally, the market faces pressure from increasing days of heat (expected to rise by 157% over 30 years), potentially affecting long-term livability.
Overall, Bandon offers a diverse range of housing options—charming cottages, contemporary homes, and vacant lots—but buyers may find good deals with patience and strategic planning, especially working with local real estate experts who understand the nuanced trends in this coastal gem. The market’s resilience is tempered by its limited inventory and environmental considerations, making it a unique but navigable landscape for both buyers and sellers. Contact your brokers at Coast Properties Group | eXp Realty for the latest scoop on the real estate happenings in our nook of the Oregon Coast!
