Is Redmond, OR 97756 a buyer’s or seller’s market?

The Redmond housing market right now

In the three months ending August 31, 2026, 13% of homes in Redmond, OR 97756 sold above their list price, the typical home went under contract in 43 days and there were 4.7 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 266 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 23%, homes sold about as fast and the median sale price fell 5% to $514,777. Overall, Redmond is less competitive than a year ago, which gives buyers more room.

Within Deschutes County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Redmond ranks #129 of 170 OR ZIP codes with enough sales (score 35 out of 100).

Nearby, buyers who want less competition could look at Bend 97707 (5% sold over asking), while Bend 97701 (19% sold over asking) is even more competitive.