Redmond Oregon Market Report: July 2026

Redmond's June story is volume. Sales jumped 17.2% over last year while the median price eased 2.1%, and the town is now running the tightest supply of any larger market in Central Oregon. Buyers priced out of Bend keep landing here, and the numbers show it.

The June numbers

• Median sale price: $518,000, down 2.1% from $529,000 in June 2025
• Homes sold: 68, up 17.2% from 58 a year earlier
• Median days on market: 22, up from 19 last June
• Median price per square foot: $312
• Average sale-to-list ratio: 96.8%
• Cash purchases: 20.6% of closings
• Active listings at June 30: 149, down 3.2% from 154 a year ago

Single-family homes inside Redmond city limits, pulled from our live MLS database and verified July 9, 2026.

If you are selling

Supply is your ally right now. Redmond sits at 3.9 months of supply as of July 9, just under the 4-month line that separates a seller's market from a balanced one, and the tightest reading among the region's larger markets. Homes pending now went under contract in a median 15 days. The discipline still matters, because 13.3% of active listings have already cut their price and 59.2% of recent closings finished under asking. The $518,000 median tells you where the buyer pool is concentrated. Price into it and the 17.2% jump in sales works for you.

If you are buying

Redmond is the value story of Central Oregon at $312 per square foot against Bend's $408, a 23.5% discount per foot. The trade-off is competition. With 157 active listings and new inventory arriving exactly as fast as it sells, 59 in and 59 out over the last 30 days, the well-priced homes do not wait for a second weekend. On listings that have sat past the 48-day active median, negotiate. The under-asking share says sellers are meeting buyers partway.

The bottom line

More sales at a slightly lower median means Redmond is absorbing demand, not losing value. If you want to know what your home would bring, request a valuation and we will run the comps. If you are shopping, browse current Redmond listings or check the live Redmond market dashboard.