Redmond, OR

Redmond, OR Real Estate Market

• Overview

  In August 2025, Redmond’s housing market showed steady growth, with median home prices rising 2.7% year-over-year to $507K. While homes are taking slightly longer to sell—averaging 49 days on the market compared to 40 days last year—buyer demand remains strong, as reflected in the increase in closed sales from 69 to 76 over the same period. This combination of rising prices, longer listing times, and higher sales volume suggests a market that is balancing continued appreciation with more measured competition.

• Competitiveness

  Redmond’s housing market is considered somewhat competitive, with homes typically selling in about 45 days. While the average home sells for roughly 1% below the asking price, many listings still attract solid buyer interest, and some properties receive multiple offers. Hot homes—those in desirable neighborhoods, priced well, or offering standout features—tend to move much faster, often going pending in as little as 17 days and selling closer to the list price. This mix of average selling times and quicker movement for sought-after properties highlights a market where buyers have some negotiating room but must act decisively when the right home comes along.

• More Insights

  In August 2025, Redmond, OR is considered a balanced housing market, meaning that the number of homes available for sale is roughly in line with buyer demand. In this type of market, neither buyers nor sellers hold a clear advantage—homes typically sell at fair market value without extreme bidding wars, but sellers also aren’t pressured to make significant concessions. A balanced market often reflects steady economic conditions, where pricing trends are stable, inventory levels are healthy, and transactions move at a sustainable pace, creating a more predictable environment for both buyers and sellers.