Redmond May Market Report

M arket Report M ay 2026 | Redmond, Oregon

Redmond M ar ket Repor t

M ar k et Summar y Resident ial H omes (Single Family/ Condo/ Tow nhouse) Current Period M ay 2026

April 2026

Change From Last Mont h

Last Year M ay 2025

Change From Last Year

85

61

+39.3%

76

+11.8%

$515,000

$480,000

+7.3%

$555,000

-7.2%

Median Price Per Sq. Ft .

$333

$335

-.6%

$316

+5.4%

Act ive Invent ory

312

315

-1%

327

-4.6%

% of Original Price Received

97.6%

97.1%

+.6%

98.9%

-1.3%

23

12

+87.5%

17

-32.4%

24.7%

13.1%

+88.4%

23.7%

+4.3%

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 June 3r d, 20 26.

2026 $328

305

Average $ Per Sq/ Ft

Homes Sold

25 Median Days on M arket

2025 $316

326

Average $ Per Sq/ Ft

Homes Sold

33 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

3.7 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

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