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: ↓ Fifth consecutive week of declining prices
$569,700
Median Days on Market
Trend line: Holding steady for the second week
56
Inventory
Trend line: ↑Closing in on 300, highest level we've tracked this year
298
Five weeks in a row. That's how long prices have been declining in Redmond, and this week didn't break the trend. The median list price sits at $569,700, down from the all-time high of $644,450 in late June. That's $74,750 off the peak in about six weeks.
Inventory hit 298 active listings, the highest level we've seen this year. New listings are coming in at $462,500 on average, which is $107,000 below the overall median. Forty-six percent of active listings have had a price reduction. Average days on market is 95.
The segment data has an interesting story buried in it this week. The entry-level $399,667 range absorbed 5 homes and had 11 new listings come on, but the median DOM there is only 17 days. That means the homes that are priced at the entry level and priced right are moving fast. The $519,990 range absorbed 5 with only 1 new listing, which is actually the best absorption ratio of any segment this week. The $638,450 range is in balance at 5 new and 5 absorbed. The upper end at $997,000 had 3 new and only 1 absorbed at 84 days.
So here's what the data is actually telling you: buyers are out there and they are active, especially below $520,000. The problem isn't demand disappearing. The problem is the gap between what sellers are asking and what buyers are willing to pay. With 46% of sellers already reduced and new listings entering $107,000 below the overall median, the market is sending a clear signal about where it wants prices to be.
If you price for today's market, not June's market, buyers are still showing up. The 17-day DOM in the entry-level segment proves that.
Sellers
298 active listings, the most we've seen all year. Prices down five weeks straight. New listings coming in at $462,500 on average. Forty-six percent of sellers have already reduced. Altos called it a buyer's market again this week and the data isn't arguing.
The segment data this week actually shows something encouraging regardless of which price range you're in. The $519,990 range absorbed 5 homes with only 1 new listing added, meaning that segment is clearing faster than it's filling. If your budget is there, don't assume you have unlimited time just because the broader market has softened.
The entry-level $399,667 range is active with 17-day median DOM on the homes that are moving. The ones sitting aren't priced right. The ones moving are. That distinction matters when you're making an offer.
The upper end is soft. The $997,000 range absorbed 1 home out of 3 new listings at 84 days median DOM. If you're looking there, you have real room to negotiate.
Nearly 300 homes on the market and five weeks of price declines means you have options, time, and leverage you didn't have in June. Come in knowing your number and don't be afraid to use the data when you sit down to write an offer.