What’s Happening in the Redmond, Oregon Real Estate Market?
Straight talk on where things standMarket Stapshots
Current numbers for
Redmond, Oregon
Updated 7/6/2026
Median List Price
↓ Pulled back from last week's all-time high
$604,500
Median Days on Market
→ Holding steady for the third consecutive week
63
Inventory
↓ Dipped back down after last week's high
250
The median list price dropped again this week to $604,500. Three weeks ago it was at an all-time high of $644,450. That's a $40,000 pullback in three weeks, and while the Market Action Index hasn't budged from 33, the direction of prices is hard to ignore.
Here's what else the data is showing. Forty-six percent of active listings have had a price reduction, the highest that number has been all summer. Average days on market climbed to 99. New listings are coming in at $534,900, which means sellers entering the market right now are pricing nearly $70,000 below the overall median. That's a significant gap and it tells you that the people listing today are already adjusting their expectations.
The segment data is actually more encouraging than the headline. The $440,450 entry-level range absorbed 7 homes with only 4 new listings coming in, which means demand is outpacing supply at that price point. The $545,000 range absorbed 6 with 5 new, essentially in balance. The $699,000 range absorbed 6 with only 2 new listings, so that segment is clearing faster than it's filling. The upper end at $1,100,000 absorbed 5 with only 2 new.
What that tells you is that homes are moving across all price points. The ones sitting are the ones priced above where buyers are willing to go. With 46% of sellers already having reduced and average DOM at 99 days, the cost of starting too high is showing up clearly in the data right now.
If you price it right from day one, the absorption numbers say buyers are still out there. If you test the market with a high number, the 99-day average tells you what that tends to look like.
Sellers
The median list price has now dropped three weeks in a row, sitting at $604,500 after hitting $644,450 in late June. New listings are coming in at $534,900 on average. Inventory is at 250 active listings. Forty-six percent of sellers have already reduced their price. If you've been waiting for conditions to shift in your favor, this is what that looks like.
The segment data is interesting this week because absorption is actually healthy across all four price ranges. The entry-level $440,450 range absorbed more homes than came on. The $545,000 range is in balance. Even the $699,000 and $1,100,000 ranges absorbed more than they added in new listings. That means the homes that are priced well are moving. The ones sitting at 99 days average are the ones that aren't.
Your opportunity right now is in that 46%. Nearly half of active sellers have already shown a willingness to adjust. If you've had your eye on something that's been sitting 60 or more days, you have a real conversation to start. Come in prepared, know your number, and make the move. The data is on your side right now more than it's been all year.