As the calendar flips to May, we are officially more than one-third of the way through 2026, making it a great time to take a look at what has happened so far in the Redmond real estate market. To better understand where the market stands, we’ll compare this year’s numbers to the previous two years using several traditional metrics for residential properties, including single-family homes, townhomes, and condos. The statistics we’ll review are Homes Sold, Days on Market, Median Sale Price, Price Per Square Foot, and Percentage of Original List Price Received. All statistics are sourced from the local Flex MLS, are deemed reliable, but should be independently verified.
Homes Sold:
2026: 218
2025: 250
2024: 251
Currently, Redmond is trailing the previous two years in total sales volume, much of that due to a slower April. Sales in April were down 24% compared to 2025 and down 30% compared to 2024.
Median Sale Price:
2026: $482,000
2025: $532,500
2024: $524,000
Median Price Per Sq/Ft:
2026: $324
2025: $317
2024: $306
This is where the numbers begin to paint a clearer picture of what is happening in the Redmond market, and it closely mirrors trends we are also seeing in Bend. Typically, a $50,000 drop in median sale price would also lead to a lower price per square foot, but that has not been the case.
An easier way to illustrate this is through closed sales. Homes under $450,000 are up 41% from 2025, with 83 sales this year compared to 59 last year. Meanwhile, homes priced between $450,000 and $750,000 are down 34% year over year, with 107 sales this year compared to 163 last year. This shift toward more lower-priced sales is helping drive price per square foot higher while overall median sale prices trend downward.
Days on Market:
2026: 29 Days
2025: 40 Days
2024: 34 Days
Despite overall sales being down, days on market are at their lowest level since 2022. Well-priced homes are still moving quickly and helping drive those numbers down.
Homes priced above $750,000 are averaging 76 days on market this year. While that may still sound high, it is a major improvement from the 110-day average at this same time last year.
% of Original List Price Received:
2026: 96.7%
2025: 97.5%
2024: 98.1%
While Bend and much of Central Oregon have seen homes selling noticeably below asking price over the last two years, Redmond has largely been insulated from those shifts. However, the market has started to see small declines in percentage of original list price received over the past two years, as some homeowners are discovering that their homes may not be worth what they hoped they would be in today’s market.
The overall story of the Redmond market in 2026 is not necessarily one of decline, but rather one of adjustment. Buyers are still active, especially in more affordable price ranges, while higher price points are facing increased competition and longer market times. As always, pricing correctly and understanding current market conditions remain critical to achieving a successful sale.
Nathan Powers is Director of Marketing/Business Development at Engel & Völkers Bend
This article appears in the Source May 14, 2026.
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