Market Report
July 2025 | 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 nhouse)
Cur r ent M ar ket - Year t o Dat e 20 25 compar ed t o 20 24
The statistics below provide an up-to-date snapshot of the listed inventory as of August 4th, 2025. Median days on market is a good indicator of the average length of time the current inventory has been on the market.
2025
$534,386
Median SalePrice 475 HomesSold
2024
$535,000
Median SalePrice 543 HomesSold
29
Median Dayson Market
20
Median Dayson Market
Redmond Market Condition
Buyer 's M ar ket
M ar ket Condit ions
Balanced M ar ket
3.9 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
