What’s Happening in the Redmond, Oregon Real Estate Market?
Straight talk on where things standMarket Stapshots
Current numbers for
Redmond, Oregon
Updated 7/22/2026
Median List Price
Trend line: ↓ Fourth consecutive week of declining prices
$582,000
Median Days on Market
Trend line: ↓ Improved from 63 last week
56
Inventory
Trend line: ↑ Biggest inventory jump in months
282
This week's data is worth a real conversation. The median list price dropped to $582,000, the fourth consecutive weekly decline and now down $62,000 from the all-time high we saw in late June. The Market Action Index slipped to 32 from 33. Inventory jumped to 282, the highest level in months. New listings are coming in at $464,900 on average, which is $117,000 below the overall median. That gap is not a rounding error.
The segment data is where things get specific. The $413,950 entry-level range had 23 new listings come on and only 3 absorbed, with a 35-day DOM. That's a lot of supply hitting a price point that isn't absorbing. The $525,000 range had 10 new and 7 absorbed, which is the healthiest ratio this week. The $670,000 range had 6 new and only 1 absorbed at a 52-day median. The upper end at $998,000 had 4 new and 3 absorbed, which is actually the second-best absorption ratio of the four segments.
Forty-five percent of active listings have already had a price reduction. Average DOM is 91 days. Altos flagged this week that prices have begun moving lower and the market has been consistently cool for several weeks. That's not spin, that's the data.
None of this means you can't sell. It means the window between a well-priced home and an overpriced one is narrower than it was in June. The sellers absorbing right now are the ones who priced for where the market is today, not where it was six weeks ago. If you've been thinking about listing, the conversation about pricing strategy matters more right now than it has all year.
Sellers
282 active listings. Median days on market down to 56. New listings coming in at $464,900 on average. Prices down four weeks in a row. Altos is calling it a buyer's market this week, and the data backs that up.
The most telling number this week is the entry-level segment: 23 new listings came on at the $413,950 range and only 3 absorbed. That's a lot of supply sitting at the most accessible price point in the market. If your budget is there, you have options and you have leverage.
The $525,000 range is the most balanced segment this week with 10 new and 7 absorbed, so homes there are moving but not fast. The $670,000 range is soft: 6 new listings, 1 absorbed. If you're looking there, sellers are feeling it and they know it.
Forty-five percent of active sellers have already reduced. Inventory is at its highest point in months. The direction of this market right now favors buyers in a way it hasn't all year. If you've been sitting on the sideline waiting for things to shift, this is the shift. Come in prepared and make your move.