M arket Report February 2026 | Redmond, Oregon
Over view of Redmond
Locat ed in t he heart of Cent ral Oregon, Redmond is a growing cit y t hat blends small-t own charm wit h modern amenit ies. Just 20 minut es nort h of Bend and home t o t he region?s main airport , it ?s a convenient hub for bot h resident s and visit ors. Redmond has t ransformed from it s agricult ural root s int o a vibrant communit y known for it s revit alized downt own, local breweries, parks, and easy access t o out door recreat ion like Smit h Rock and t he Cascade Mount ains. It ?s a favorit e for families, remot e workers, and ret irees who want affordabilit y, space, and quick access t o Cent ral Oregon?s best . Wit h st eady growt h and new development , Redmond cont inues t o at t ract buyers looking for lifest yle, value, and a st rong sense of communit y.
James Kinney Global Real Est at e Advisor (541) 410-2974 James.Kinney@evrealest at e.com
Redmond M ar ket Repor t
M ar k et Summar y Resident ial H omes (Single Family/ Condo/ Tow nhouse) Current Period February 2026
January 2026
Change From Last Mont h
Last Year February 2026
Change From Last Year
53
37
+43.2%
67
-20.9%
$500,000
$505,000
-1%
$505,000
-1%
Median Price Per Sq. Ft .
$322
$321
+.3%
$315
+2.2%
Act ive Invent ory
201
191
+5.2%
216
-6.9%
% of Original Price Received
96.9%
95.1%
+1.9%
95.8%
+1.1%
43
45
-3.4%
68
-36.3%
26.4%
16.2%
+62.9%
23.9%
+10.9%
Homes Sold Median Sale Price
Median Days on M arket % Cash Sales
Year To D at e: 20 26 Compar ed To 20 25 The st at ist ics below give a compar ison year t o dat e compar ing 20 26 t o t he same t ime f r ame in 20 25. Dat a as of M ar ch 4t h, 20 26.
2026 $322
90
Average $ Per Sq/ Ft
Homes Sold
44 Median Days on M arket
2025 $315
113
Average $ Per Sq/ Ft
Homes Sold
72 Median Days on M arket
Dat a provided by Oregon Dat aShare. Regional Mult iple List ing Ser vice RMLS, and Sout hern Oregon MLS. All inf ormat ion is deemed reliable but not guarant eed.
Redmond M ar ket Condit ion
M ar k et Condit ions Buyer 's M ar k et
Balanced M ar k et
Seller 's M ar k et
3.8 Mont hs of Invent ory Buyer's M arket
Balanced M arket
Seller's M arket
More t han 5 Mont hs of Invent ory
3 - 5 Mont hs of Invent ory
Less t han 3 Mont hs of Invent ory
Buyer 's vs. Seller 's M ar k et T he key similar it ies and dif f er ences bet w een a buyer 's and seller 's mar ket ; and how t hese mar ket f act or s impact each gr oup.
Buyer 's M ar ket
Seller 's M ar ket
M or e people selling homes t han buying
M or e people buying homes t han selling
More Homes t o Choose From
Fewer Homes t o Choose From
More Negot iat ing Power
Less Negot iat ing Power
Could Spend Less t han Asking Price
Need t o be Able t o Close Quickly
Price Rest rict ions
Could Spend More t han Asking Price
Rarely Compet ing Offers
Compet it ion From Ot her Buyers
Buyer 's M ar ket
Seller 's M ar ket
M or e people selling homes t han buying
M or e people buying homes t han selling
Takes More Time t o Sell Home Sells Quickly Fewer Offers Received Mult iple Offers Likely Could get Lower t han Asking Price Could get More t han Asking Price M ay Have t o make Repairs and/ or Concessions
Buyers Willing t o Overlook Repairs
Present ed By:
JA M ES K I N N EY Global Real Estate Advisor ? +1 (541 410-2974 James.Kinney@evrealestate.com JamesKinney.evrealestate.com
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