Market Report
February 2026 | Redmond, Oregon
Over view of Redmond
Located in the heart of Central Oregon, Redmond is a growing city that blends small-town charm with modern amenities Just 20 minutesnorth of Bend and hometo theregion?smain airport, it?saconvenient hub for both residentsand visitors.
Redmond has transformed from its agricultural roots into a vibrant community known for its revitalized downtown, local breweries, parks, and easy access to outdoor recreation like Smith Rock and the Cascade Mountains It?s a favorite for families, remoteworkers, and retireeswho want affordability, space, and quick accessto Central Oregon?sbest
With steady growth and new development, Redmond continues to attract buyers looking for lifestyle, value, and a strong senseof community
Redmond Market Report
Resident ial Homes (Single Family/ Condo/ Tow
Year To Dat e: 20 26 Compar ed To 20 25
The statistics below give a comparison year to date comparing 2026 to the same time frame in 2025. Data as of March 4th, 2026.
$322
Average$ Per Sq/ Ft
2026 2025
90 HomesSold
44
Median Dayson Market $315
Average$ Per Sq/ Ft
113 HomesSold
72
Median Dayson Market
Redmond Market Condition
Buyer 's M ar ket
M ar ket Condit ions
Balanced M ar ket
3.8 Mont hs of Invent ory
Buyer'sMarket
Morethan 5 Monthsof Inventory
Buyer 's vs. Seller 's M ar ket
Balanced Market 3 - 5 Monthsof Inventory
Seller 's M ar ket
Seller'sMarket
Lessthan 3 Monthsof Inventory
The key similarities and differences between a buyer's and seller's market; and how these market factors impact each group.
Buyer's Market
More people selling homes than buying
MoreHomesto ChooseFrom
MoreNegotiating Power
Could Spend Lessthan Asking Price
PriceRestrictions
Rarely Competing Offers
Buyer's Market
More people selling homes than buying
TakesMoreTimeto Sell
Fewer OffersReceived
Could get Lower than Asking Price
May Haveto makeRepairsand/or Concessions
Seller's Market
More people buying homes than selling
Fewer Homesto ChooseFrom LessNegotiating Power
Need to beAbleto CloseQuickly
Could Spend Morethan Asking Price
Competition From Other Buyers
Seller's Market
More people buying homes than selling
HomeSellsQuickly
MultipleOffersLikely
Could get Morethan Asking Price
BuyersWilling to Overlook Repairs
