What’s Happening in the Redmond, Oregon Real Estate Market?
Straight talk on where things standMarket Stapshots
Current numbers for
Redmond, Oregon
Updated 9/9/2026
Median List Price
Trend line: ↓ Prices continue to drift lower, down from June's peak
$562,900
Median Days on Market
Trend line: ↑ Ticking back up after a brief dip last month
63
Inventory
Trend line: ↑ New high, most inventory we've seen all year
313
313 active listings. That's the most inventory we've tracked in Redmond this year, and it's the clearest signal yet that the market has shifted from where it was in June. The median list price is $562,900, down from the all-time high of $644,450 about ten weeks ago. That's over $80,000 off the peak, and the trend hasn't reversed.
Forty-nine percent of active listings have had a price reduction. Average days on market is 104. New listings are coming in at $533,400, which is actually closer to the overall median than we've seen in recent weeks, suggesting sellers entering the market now have a more realistic read on where things are.
The segment data tells a clearer story than the headline numbers. The $399,900 entry-level range had 9 new listings and 6 absorbed at a 49-day median DOM. The $521,700 range had 8 new and 6 absorbed at 63 days. The $634,900 range is in perfect balance, 7 new and 7 absorbed, at 70 days. The upper end at $999,000 had 5 new and only 1 absorbed at 84 days. That's a lot of supply sitting at the top with very little moving.
The pattern is consistent: the lower the price point, the better the absorption. The market isn't frozen. It's telling you exactly where buyers are willing to go and where they aren't. With nearly half of sellers already reduced and average DOM over 100 days, the cost of starting too high is showing up in real time for a lot of people right now.
If your home is priced where the absorption is happening, you can still sell in this market. If you're priced above it and waiting, the data isn't giving you a lot of reason for optimism right now.
Sellers
313 active listings. Sixty-three median days on market. Forty-nine percent of sellers have already reduced their price. Average DOM at 104 days. This is the most inventory and the most leverage buyers have had all year.
What's interesting this week is that new listings are coming in at $533,400, much closer to the overall median than they were a month ago when new sellers were entering at $462,500. That tells you sellers are getting more realistic, but they're not panicking. Prices are drifting lower, not crashing.
The absorption data shows where the activity is. The $521,700 and $634,900 ranges are both moving at a reasonable pace relative to what's coming on. If your budget is in that range, don't assume you have infinite time just because the market has softened. The homes priced right in those segments are still finding buyers.
Below $400,000, there's movement but also a lot of new supply hitting at once. Above $700,000, absorption slows considerably. The upper end is where you have the most negotiating room right now.
Nearly half of active sellers have shown a willingness to adjust. If you've been watching something sit for 60 or more days, this is a good time to start a conversation. The market is on your side in a way it hasn't been since before last year.