How Much Do Homes Cost in Redmond, Oregon?

If you’re thinking about buying a home in Redmond, Oregon, the short answer is:

👉 Most homes currently fall between $400,000 and $700,000, depending on location, size, and condition.

But that’s just the surface. The real answer depends on what kind of home you want and where in Redmond you’re looking.

I’m going to break this down so you can actually understand what your budget gets you here.

What’s the Average Home Price in Redmond, OR?

Right now, the median home price in Redmond typically sits around the mid-$500,000s.

Here’s a simple way to think about it:

• $350K–$450K → Entry-level homes, smaller or older properties

• $450K–$600K → Most common range for buyers

• $600K–$800K+ → Newer homes, larger lots, or premium areas

The biggest thing to know:

👉 Redmond is generally more affordable than Bend, which is why many buyers are moving here.

What Affects Home Prices in Redmond?

Not all homes are priced the same — even within the same neighborhood.

Here’s what really drives price:

1. Location Within Redmond

• Homes closer to parks, schools, and newer developments tend to cost more

• Some neighborhoods have newer construction, which pushes prices up

2. Age and Condition

• New builds = higher price

• Older homes needing updates = lower price (but opportunity)

3. Size and Layout

• 3-bed / 2-bath homes are the most common

• Larger homes or homes with bonus space command higher prices

What You Can Get at Different Price Points

Let’s make this real.

Around $400K–$450K

• Smaller homes (1,200–1,600 sq ft)

• Older properties or townhomes

• Good option for first-time buyers

Around $500K–$600K

• The sweet spot in Redmond

• 3–4 bedrooms, 1,500–2,200 sq ft

• Many newer or well-maintained homes

$650K+

• New construction

• Larger homes or better lots

• Upgraded finishes and modern layouts

Client Example

I recently worked with a buyer relocating to Central Oregon who had a budget around $525,000.

They were deciding between Bend and Redmond.

In Bend:

• Limited options

• Smaller homes

• More competition

In Redmond:

• Multiple options

• Newer homes

• Better value for the price

They ended up buying a 3-bed, 2-bath home just under $520K with a yard and room to grow.

👉 That’s a common story right now.

Is Redmond Expensive Compared to Central Oregon?

It depends on what you compare it to.

• Bend → More expensive

• Redmond → More affordable, better value

• Prineville / La Pine → Lower price points, but different lifestyle

This is why a lot of buyers start in Bend… and end up buying in Redmond.

Common Mistakes Buyers Make

1. Looking Only at Online Estimates

Zillow doesn’t always reflect:

• Micro-neighborhood differences

• Condition

• Upgrades

2. Waiting for Prices to Drop

Most buyers wait for the “perfect time”… and miss good opportunities.

3. Not Understanding Local Inventory

Redmond inventory changes quickly — especially in the $450K–$600K range.

So… How Much Do YOU Need to Buy?

Here’s the honest answer:

👉 Most buyers in Redmond right now are comfortable in the $450K–$600K range

But your exact number depends on:

• Loan type

• Down payment

• Monthly payment comfort

FAQ

Is Redmond, Oregon a good place to buy a home?

Yes — especially if you want more space and value compared to Bend.

Are home prices going up in Redmond?

They’ve stabilized compared to previous spikes, but demand is still strong.

Can I buy a home in Redmond under $400K?

It’s possible, but options are limited and move quickly.

Is Redmond better than Bend for buyers?

For affordability and value — often yes. For lifestyle, it depends on your priorities.

Final Thoughts

If you’re asking how much homes cost in Redmond, you’re probably trying to figure out:

👉 “Can I actually afford to live here?”

The answer is — in many cases, yes… if you understand the market and shop strategically.

Next Step

If you want a real answer based on your situation, I can help you:

• See what’s actually available in your price range

• Break down your monthly payment

• Compare Redmond vs other Central Oregon areas

Holli Cobb, REALTOR
Real Estate Agent in Redmond, Oregon
Holli Sells Homes | REAL Broker
📧 [email protected]
🌐 HolliSellsHomes.net
📞 541-640-3800

Helping buyers in Redmond and Central Oregon