Enjoy Bend Life Real Estate | Realty ONE Group Discovery

Redmond, OR 97756

Single-Family Homes

Reed Melton | www.EnjoyBendLife.com | (541) 408-6625 | Reed@EnjoyBendLife.com



Redmond, OR 97756

Thu Mar 28 2024
This week the median list price for Redmond, OR 97756 is $604,748 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 168. Click here to stay informed with the Redmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Redmond, OR 97756

Thu Mar 28 2024
This week the median list price for Redmond, OR 97756 is $604,748 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 168. Click here to stay informed with the Redmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $604,748
Median Price of New Listings $639,000
Per Square Foot $315
Average Days on Market 93
Median Days on Market 49
Price Decreased 33%
Price Increased 7%
Relisted 5%
Inventory 168
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$997,000 2,542 0.5 - 1 acre 3 2.5 20 9 6 63
$652,992 2,047 6,500 - 8,000 sqft 3 2.5 2 5 2 49
$572,900 1,975 6,500 - 8,000 sqft 3 2.5 5 3 3 56
$488,495 1,609 4,500 - 6,500 sqft 3 2 0 10 6 35