M arket Report August 2025 | 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.
Int erest ed in more market st at s? Reach out t o market ing.bend@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 Last Mont h Change From Last Year August 2025 July 2025 Last Mont h August 2024 Homes Sold
Change From Last Year
92
81
+13.6%
84
+9.5%
$545,000
$535,000
+1.9%
$501,700
+8.6%
Sold Price Per Sq. Ft .
$314
$307
+2.1%
$315
-.3%
Act ive Invent ory
290
319
-9.1%
324
-10.5%
% of Original Price Received
95.3%
97.3%
-2%
97.2%
-1.9%
38
33
+13.6%
33
+13.6%
33.7%
24.7%
-36.5%
17.9%
+88.7%
Median Sale Price
Median Days on M arket % Cash Sales
Cur r ent M ar k et - Year t o D at e 20 25 compar ed t o 20 24 T he st at ist ics below pr ovide an up- t o- dat e snapshot of t he list ed invent or y as of August 4t h, 20 25. M edian days on mar ket is a good indicat or of t he aver age lengt h of t ime t he cur r ent invent or y has been on t he mar ket .
2025 $535,000
571
Median Sale Price
Homes Sold
30 Median Days on M arket
2024 $529,359
628
Median Sale Price
Homes Sold
22 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
3.2 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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