Redmond Housing Market Report January 2025•Deschutes County, Oregon

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Housing Prices in Redmond, OR

How much do homes in Redmond, OR cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$525,000$312/SqFt
-$24,900
-4.5%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Redmond has decreased by 4.5% since last year.

Summary: The median home list price in Redmond was $525,000 in January 2025, down 4.5% from the previous year, and the median price per square foot was $312.

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2-$437.5K
N/A
3$516.1K$499.9K
-3.1%
4$566.3K$560K
-1.1%
5$998K$998K
0.0%

Summary: Redmond housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -3.1%. The home price for 4 bedroom homes decreased by -1.1%. The home price for 5 bedroom homes did not change.

Housing supply in Redmond, OR

How many homes are available in Redmond, OR?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
22Last MonthJan 2025
162 months agoDec 2024
+37.5 %
Change MoMDec – Jan

Summary: The Redmond real estate market had 22 homes for sale in Jan 2025, a 37.5 % increase compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
235
+66.7%
3712
+71.4%
422
0.0%
543
-25.0%

Summary: Redmond housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes increased by +71.4%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -25.0%.

Asking Price vs. Sold Price

How much do homes in Redmond, OR cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in Redmond, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Redmond in January 2025, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Redmond, OR

How long does it take to sell a home in Redmond, OR?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Redmond are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 3 homes were sold in Redmond; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
83 DaysThis YearJan 2025
248 Days1 year agoJan 2024
-66.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Redmond had an average listing age of 83 days in Jan 2025, down by 66.6% compared to the previous year.

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Newest Listings in Redmond, OR

What homes are available in Redmond, OR?

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MLS Disclaimers and Copyright

Based on information from Regional Multiple Listing Service, for the period 02/01/2023 - 02/01/2025

IDXThe content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/15/2025, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.