Redmond Market Update
March 10, 2026
Here's what I've been noticing in the Redmond market lately.
The median list price in Redmond is currently $605,000, which is slightly lower than where we were a few weeks ago. Prices overall have been fairly steady for several weeks, but we are seeing a gradual softening rather than upward pressure.
The Market Action Index is now 34, down from 36 last month. That still places Redmond in a slight seller's advantage, but the continued downward drift reflects a cooling pace in the market.
Inventory has increased to 155 homes, which gives buyers more choices than we saw earlier this winter. That increase in options often slows decision making and encourages more comparison shopping.
Homes are still selling, but not instantly. The median days on market is now 49, while the average sits just above 100 days. That suggests the best prepared and best priced homes move first, while others take more time.
Price reductions continue to play a role as well. About 41 percent of listings have reduced price, while only 1 percent have increased. That doesn't signal distress, it simply shows sellers adjusting expectations to current demand.
Price per square foot is holding around $337, and median rent in the area is approximately $2,395, which continues to influence long term holding decisions for investors.
A little broader context
Looking at the latest Beacon Report for Central Oregon, the wider Bend area market continues to show a similar pattern.
Inventory across the region is sitting around 2.5 months of supply, which is still considered relatively tight by historical standards. Median prices in the broader Bend area have been moving sideways for several months rather than trending sharply in either direction.
In other words, the region as a whole appears to be settling into a more balanced phase after the extreme swings of the past few years.
What this suggests
Right now the Redmond market feels measured rather than urgent.
Inventory is increasing slowly, buyers are taking time to evaluate options, and pricing has largely plateaued. Markets like this tend to reward preparation and realistic positioning more than timing headlines.
If the Market Action Index begins climbing again, that could place upward pressure on prices. If it continues drifting downward toward buyer territory, pricing discipline will become even more important.
For now, we're sitting in the middle.
For homeowners thinking 6-24 months ahead
If selling is somewhere on your horizon, this is a good period to quietly observe your neighborhood.
Watch how homes similar to yours are priced, how long they take to sell, and how often price reductions appear before a sale. Those patterns often tell a clearer story than broader headlines.
If you're considering updates before selling, focus first on maintenance, condition, and presentation rather than large remodel projects. In balanced markets, buyers tend to reward homes that feel well cared for and appropriately positioned.
There's no urgency in this message, just awareness.
If you'd ever like to look at your specific neighborhood trends or understand how your home fits into current absorption patterns, I'm always happy to run those numbers with you. You can schedule a call here.
Prefer a video explanation?
I also walk through the Redmond market data in short 5 to 8 minute videos on my YouTube channel, where I explain the charts and what I'm watching week to week.
If that format is easier to follow, you're welcome to watch and subscribe here:
