Strong Pricing, Quick Sales and Limited Inventory
August was a relatively active month for Northwest Crossing real estate, especially when you consider how few homes were available.
Six homes sold during the month while only eight were actively listed at month’s end. Homes also sold quickly and perhaps most notably, the August sales closed at slightly more than their list price at the time of sale.
With a neighborhood like Northwest Crossing, monthly numbers can move around quite a bit because we're dealing with a relatively small number of transactions. Still, August gives us some useful clues about where buyers are willing to act.
Median Sale Price: $1,262,500
The August median sale price was $1,262,500, down from July’s $1,380,000 but above June’s $1,160,000.
Looking at the year rather than a single month provides some perspective. The spreadsheet shows a monthly median sale price averaging approximately $1.19 million through August, putting August above the year-to-date average.
That’s another reason I wouldn’t read too much into the decline from July. With only six August sales and three in July, the types of homes closing in any particular month can have a big influence on the median.
Median Price Per Square Foot: $593
The median price per square foot came in at $593, compared with $615 in July and $592 in June.
This number has been remarkably consistent recently.
The year-to-date monthly average is approximately $595 per square foot, making August almost exactly in line with the 2026 average.
So while the median sale price moved around, price per square foot tells a much steadier story.
Six Homes Sold
Six homes sold in August, twice the three sales recorded in July and matching June and May.
Those six transactions generated $7,255,000 in sales volume, compared with $3,754,900 in July.
Of the August sales, 2 were cash purchases and 4 were financed.
Through August, the spreadsheet shows Northwest Crossing has generated approximately $44.27 million in residential sales volume.
Buyers Paid the Asking Price and a Little More
This is probably the August number that caught my attention the most.
Homes sold for 99.02% of their original list price, but 100.04% of their list price at the time of sale.
In practical terms, the homes that successfully sold in August were closing essentially at full asking price.
The difference between the original-list and final-list percentages also suggests there may have been some price adjustments before buyers acted. But once a home reached the price the market accepted, there wasn't much negotiating room left.
That's a little different from what we're seeing in some other Bend neighborhoods, where buyers have been gaining considerably more leverage.
Homes Sold Quickly
The median time on market was just 7 days.
That’s down from 13 days in July and 12.5 days in June, and well below the year to date monthly average of about 30 days.
There is an important wrinkle in that average: January and February had unusually long median market times of 127 and 65.5 days. Since March, the monthly median has ranged from only 2 to 13 days.
That tells a much clearer story about the current Northwest Crossing market.
When the right home comes to market at a price buyers recognize as reasonable, it can move quickly.
Inventory Remains Limited
Northwest Crossing ended August with only 8 active listings.
With six August sales, that's approximately 1.3 months of inventory based on the month's sales pace.
July had only five active listings and three sales, while the neighborhood had just six active listings at the end of each month from January through June.
So although August inventory increased slightly, buyers still aren't looking at a large selection of available homes.
Limited supply combined with homes selling near full asking price helps explain why Northwest Crossing continues to behave differently from some parts of the broader Bend market.
A Look at 2026 So Far
One of the advantages of having eight months of data is that we're beginning to see a clearer pattern.
Northwest Crossing's monthly median sale price has ranged from $975,000 to $1.38 million, but the median price per square foot has been much steadier, averaging approximately $595.
Market times have also shortened dramatically since the beginning of the year.
And although individual months have relatively few transactions, buyer demand appears to remain strong when a desirable property is priced appropriately.
What It Means for Buyers
Northwest Crossing buyers have a bit of a balancing act.
The broader Bend market may be giving buyers more choices and negotiating room but Northwest Crossing's August numbers suggest you can't necessarily assume those same conditions apply here.
Eight active listings isn't a lot of inventory, and successful August sales closed at essentially 100% of their final asking prices.
That doesn't mean buyers should overpay. It means that when a well-priced property checks the right boxes, waiting too long or starting with an overly aggressive offer could mean losing the home to another buyer.
What It Means for Sellers
For sellers, August's numbers are encouraging but they aren't a license to price anywhere you want.
The difference between 99.02% of original list price and 100.04% of final list price is important.
It suggests buyers will respond strongly once the price makes sense.
The best strategy isn't necessarily starting high and hoping someone comes along. It's understanding the competition and positioning the property correctly enough that buyers recognize the value when it first hits the market.
Bottom Line
Northwest Crossing had a strong August.
The median sale price was $1,262,500, price per square foot was $593, six homes sold, and only eight listings remained active at month's end. Homes that sold spent a median of just seven days on the market and closed at 100.04% of their final asking price.
Those numbers point to a neighborhood where inventory remains limited and buyer demand for the right property remains strong.
It's also another good reminder that there really isn't one single "Bend real estate market." Conditions can change considerably from one neighborhood to the next.
If you're considering buying or selling in Northwest Crossing, I'd be happy to help you look beyond the neighborhood averages and see how these trends apply to a particular property.
