What Is the Average Home Price in Redmond, Oregon in 2026?

By Diana Pullen | Listing Specialist, Real Broker LLC | Serving Redmond, Bend, Terrebonne, Culver, Sisters, Prineville, Madras, La Pine, and surrounding communities

If you've been researching a move to Redmond, Oregon, the home price question comes up fast. And the honest answer is that the number depends on what you're looking at; median versus average, active listings versus closed sales, and what time period you're pulling from. Let me break it down clearly using real closed sale data so you have an accurate picture.

The Numbers: Closed Sales, Last 90 Days

Based on closed sales data from the Redmond MLS for the most recent 90-day period:

Median sold price: $539,950
Average sold price: $609,881
Median price per square foot: $323
Number of closed sales in this period: 196

The median is the more useful number for most buyers. It tells you that half of homes that sold in Redmond recently closed below $539,950 and half closed above it. The average is higher because a handful of higher-priced sales pull it up.

At $323 per square foot, a 1,700 square foot home lands around $549,100 at the median price per square foot. A 2,000 square foot home comes in around $646,000. Those are ballpark figures; actual pricing varies significantly by neighborhood, condition, age, and lot size.

How Redmond Compares to the Region

For context, here's how Redmond's median sold price stacks up against nearby markets:

• San Francisco: $1,100,000

• Seattle: $972,000

• San Diego: $825,000

• Bend: $840,000

• Portland: $539,000

• Austin: $553,000

• Redmond: $539,950

• Dallas: $455,000

Redmond sits right alongside Portland and Austin on median price while offering direct access to the Central Oregon outdoor lifestyle, 300 days of sunshine, and significantly more home and lot size for your dollar than Bend at nearly $300,000 more at the median.

What $539,950 Actually Gets You in Redmond

At or near the median price in Redmond right now, you're typically looking at a three-bedroom, two-bathroom home in the 1,600 to 1,900 square foot range. Depending on the neighborhood and age of the home, that could mean a newer build with modern finishes in a community like Fieldstone Crossing or Owen Ridge, or an established home in a more mature neighborhood like Canyon Rim Village or near Old Town with a larger lot and more character.

New construction is still active in Redmond at various price points, which gives buyers options that don't always exist in markets where inventory is tighter.

What About Active Listings?

The median active list price in Redmond right now sits around $599,000, which is higher than the median sold price of $539,950. That gap is worth paying attention to. It tells you that some sellers are still listing above where the market is actually transacting. Homes priced correctly are selling. Homes priced above market are contributing to the active inventory without closing.

For buyers, this means there's negotiating room on some listings, especially ones that have been sitting for a while. For sellers, it's a reminder that list price and sold price are not the same number, and the market has a clear opinion about where value actually lands.

Is Now a Good Time to Buy in Redmond?

The Redmond market in late 2026 is more balanced than it was in 2021 and 2022. Buyers have more options and more time to make decisions than they did during the peak frenzy years. Mortgage rates hovering in the mid-7% range have tempered demand enough that you're not competing against ten offers on every home you like.

That said, well-priced, well-maintained homes in Redmond are still moving. The data shows a 97% list-to-sold ratio at the median, meaning buyers are paying close to asking price on homes that are priced correctly from the start. This is not a market where lowball offers are landing on good properties.

If you've been waiting for prices to drop significantly before buying, the statewide data suggests Oregon home values are essentially flat year over year, down less than 1% according to Redfin's August 2026 data. A significant correction isn't what the current data points to.

Want to Know What Your Budget Gets You Specifically?

Every buyer's situation is different. What $539,950 buys in Fieldstone Crossing looks different from what it buys near Old Town, and what's available changes week to week. If you want a current picture of what homes are available in your price range in Redmond right now, that's a conversation I'm happy to have.

Diana Pullen, listing specialist and Redmond local, Real Broker LLC. I know this market and I'll give you a straight answer about what your budget actually gets you here.

https://www.calendly.com/diana-soldincentraloregon/consult

Market data reflects closed sales from MLS of Central Oregon for the most recent 90-day period as of 2026. Data is approximate and subject to change. Statewide comparison data sourced from Redfin, August 2026.