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Featured local agent — Redmond, OR
Sarah Mitchell
Compass Real Estate · Redmond, OR
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Redmond, OR Housing Market & Real Estate
Housing market overview · Updated monthly ·
$475,000median sale price
How is the Redmond, OR housing market right now?
The median home sale price in Redmond, OR is $475,000, down 5.8% year-over-year. Homes sell in an average of 28 days with 190 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Redmond a buyer's or seller's market?
Redmond, OR is currently a seller's market, based on 2.8 months of supply and homes selling in about 28 days. How we determine this →
Homes sold
67
Last 12 weeks
Days on market
28
Average pace
Active listings
190
2.8 months supply
Sale-to-list
99.1%
Below asking
What does the Redmond housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $475,000 |
| Median list price | $529,999 |
| Year-over-year price change | -5.8% |
| Average days on market | 28 days |
| Active inventory | 190 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $319/sq ft |
| Homes sold (latest month) | 67 |
| New listings (latest month) | 67 |
| Listings with a price cut | 34.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Redmond by property type?
How the Redmond, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $495,000 | $328/sq ft | 55 | 23 days |
| Condo / Co-op | $410,000 | $286/sq ft | 1 | 155 days |
| Townhouse | $419,000 | $262/sq ft | 9 | 115 days |
Source: Redfin · Updated monthly
The Redmond housing market is currently classified as a seller's market with a median sale price of $475,000. Prices have fallen 5.8% compared to last year, with homes spending an average of 28 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.5x provides context for how home values compare to local earning capacity.
Homes for sale in Redmond
There are currently 190 homes listed for sale in Redmond, Oregon. The median listing price is $530K.
Active listings
190
Homes on market
Median list price
$530K
Avg. days on market
28
Days until sale
New this week
67
Newly listed
Who lives in Redmond?
Population
35,161
Median income
$79,789/yr
Median age
36.1 years
Owner-occupied
66.0%
College grads
29.3%
Avg commute
21 min
Source: U.S. Census Bureau ACS
What are homes worth in Redmond?
Zillow home value
$518,700
Zillow rent index
$2,055/mo
Price-to-rent ratio
21.0x
Price-to-income
6.5x
Source: Zillow Research
What is it like to live in Redmond?
Redmond is a community of approximately 35K residents with a median age of 36.1 years.The median household income is $79,789, which reflects a relatively affluent area with strong earning potential. 29.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 21 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Redmond offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Redmond?
11 schools tracked · 6,301 students
The largest public schools serving Redmond, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Redmond High School
Grades 9-12 · 939 students
Redmond Proficiency Academy
Grades 6-12 · 899 students
Ridgeview High School
Grades 9-12 · 858 students
Elton Gregory Middle School
Grades 6-8 · 679 students
Obsidian Middle School
Grades 6-8 · 554 students
Sage Elementary School
Grades K-5 · 472 students
Tom McCall Elementary School
Grades K-5 · 469 students
Hugh Hartman Elementary
Grades K-5 · 376 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Redmond, OR?
Want a head-to-head view? Compare Redmond side-by-side with any other U.S. city using our market-comparison tool.
Is Redmond a good real estate investment market?
For investors evaluating Redmond, the price-to-rent ratio of 21.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 5.8% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Redmond's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Redmond's median home price.
Frequently asked questions
What is the average home price in Redmond?
The median home sale price in Redmond is $475,000, down 5.8% from last year.
How long do homes stay on market in Redmond?
Homes typically spend 28 days on market before going under contract.
What is the median income in Redmond?
The median household income is $79,789 per year.
Is Redmond a buyer's or seller's market?
With 2.8 months of supply, Redmond is currently a seller's market.
What is the Zillow home value estimate for Redmond?
The Zillow Home Value Index (ZHVI) for Redmond is $518,700, representing the typical home value in the area.
What is the median condo price in Redmond?
The median condo/co-op sale price in Redmond, OR is $410,000, compared to $495,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Redmond?
The median single-family home price in Redmond, OR is $495,000 (about $328 per square foot).
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