Enjoy Bend Life Real Estate Group | Realty ONE Group Discovery
Redmond, OR 97756
Single-Family Homes
Reed Melton | www.EnjoyBendLife.com | (541) 408-6625 | Reed@EnjoyBendLife.com
Redmond, OR 97756
Sun Dec 22 2024
This week the median list price for Redmond, OR 97756 is $614,242 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has decreased to 202.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $614,242 | |
| Median Price of New Listings | $744,000 | |
| Per Square Foot | $327 | |
| Average Days on Market | 124 | |
| Median Days on Market | 91 | |
| Price Decreased | 46% | |
| Price Increased | 4% | |
| Relisted | 4% | |
| Inventory | 202 | |
| Median Rent | ||
| Market Action | 33 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,117,500 | 2,838 | 0.5 - 1 acre | 3 | 2.5 | 19 | 4 | 2 | 98 |
| $674,949 | 2,098 | 8,000 - 10,000 sqft | 3 | 2.3 | 6 | 0 | 2 | 122 |
| $569,000 | 1,759 | 4,500 - 6,500 sqft | 3 | 2 | 7 | 2 | 1 | 98 |
| $450,000 | 1,405 | 4,500 - 6,500 sqft | 3 | 2 | 27 | 2 | 6 | 77 |