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Redmond, Oregon has grown from a small Central Oregon community into one of the region’s most active real estate markets. Individuals moving to the area often want to learn about the city’s housing trends and available information before making decisions.
The city’s focus on affordability and expanding housing options helps provide opportunities for families and buyers with varying incomes.
The median home price in Redmond is about $510,000, according to Redfin. Realtor.com reports a median asking price of $559,000, reflecting a 3.5% rise over the past year. Homes usually stay on the market for around 45 to 50 days, depending on timing and demand.
Although the market has cooled from the rush of 2021 and 2022, buyer interest remains strong. Neighborhoods that offer quality homes in good locations continue to perform well. Ongoing efforts to expand affordable housing and increase the variety of housing options are helping Redmond move toward a more balanced market that supports continued growth.
In 2026, these five neighborhoods are expected to be the most sought-after among Redmond residents and newcomers to Central Oregon.
Key Highlights
- Steady Growth: Redmond’s housing momentum continues, fueled by population growth, job stability, and ongoing construction.
- Top Five Neighborhoods: Dry Canyon, Canyon Rim Village, Fieldstone Crossing, Old Town, and Obsidian Trails lead buyer interest in 2026.
- Affordability and Access: Buyers are drawn to neighborhoods that combine modern living with more affordable housing than Bend.
- Stable Market: Homes in desirable areas are selling quickly, reflecting a strong yet balanced market.
- Quality of Life: The city’s mix of outdoor recreation, community design, and well-planned infrastructure keeps residents proud and invested.
- Future Opportunity: New developments and growing resources will continue to support Redmond’s long-term housing growth.
1. Canyon Rim Village
Located near schools, parks, and major streets, Canyon Rim Village has become a model of new development success in Redmond. It offers a clean layout, newer construction, and a welcoming community feel that many families love.
Homes in this area are often part of planned developments designed to meet modern infrastructure standards. They feature open floor plans, energy-efficient systems, and quality finishes. The mix of design and location keeps this neighborhood consistently at the top of buyers’ lists.
While prices here hover close to the city’s median, the balance of value and comfort makes Canyon Rim Village one of the strongest-performing areas for both sellers and buyers.
2. Dry Canyon
Dry Canyon remains one of Redmond’s most sought-after neighborhoods. Its direct connection to the Dry Canyon Trail gives residents access to open space and nearby parks, creating a setting that blends recreation with everyday convenience.
Homes in this area are mostly single-family properties, many recently built or updated with energy-efficient features. The neighborhood draws households that want to live close to nature while staying within reach of schools and local shops.
Because land near the canyon is limited, the number of available homes stays low, which helps maintain steady prices and quick sales. For buyers who want an active lifestyle within city limits, Dry Canyon continues to stand out.
3. Old Town Historic District
Redmond’s Old Town Historic District holds a special place in the city’s housing story. It showcases vintage architecture, tree-lined streets, and a connection to Redmond’s early roots.
Buyers seeking character and walkability are drawn to this neighborhood. Its close location to downtown means residents can work, shop, and dine within minutes of home. The limited number of available houses, many of which have been thoughtfully restored, keeps demand high among both buyers and investors.
The district’s affordability relative to Bend’s historic neighborhoods adds another layer of appeal. Those who appreciate craftsmanship, community, and small-town charm will continue to find strong value here in 2026.
4. Fieldstone Crossing
Fieldstone Crossing reflects Redmond’s focus on thoughtful development and family-friendly living. The neighborhood is known for its tidy streets and open areas that encourage a sense of connection among residents.
Many homes here are newly built and include energy-efficient designs that match what buyers in 2026 are looking for. Builders have shaped the area with careful planning to keep up with demand and preserve its welcoming character.
Because Fieldstone Crossing offers a good balance between price and quality, homes tend to sell quickly and hold their value over time.
5. Obsidian Trails
On Redmond’s west side, Obsidian Trails highlights the city’s westward growth. This neighborhood is newer, with most homes constructed in recent years by active builders responding to strong demand.
Residents enjoy access to walking paths, open land, and nearby schools. The area blends affordable housing opportunities with newer, energy-efficient properties, giving buyers a modern feel at a competitive price.
KTVZ reported that Redmond’s home prices rose by roughly $16,000 in a single month during mid-2025, a spike fueled by projects like Obsidian Trails where new inventory meets eager buyers. The development continues to grow, supported by infrastructure improvements that connect it easily to the rest of the city.
Why These Five Neighborhoods Lead in 2026
These neighborhoods represent the direction of Redmond’s housing market, where quality of life, convenience, community connection, and ongoing new developments drive buyer demand.
Strong Market Fundamentals
Redmond’s real estate market has remained steady and balanced. While Bend experienced sharper price fluctuations, Redmond saw stable growth and significant growth in some submarkets. This resilience has kept buyer confidence high and created more opportunities for affordable housing seekers.
Lifestyle Appeal
Neighborhoods like Dry Canyon and Obsidian Trails showcase Redmond’s balance of outdoor access and comfortable suburban living. Proximity to parks and trails has become a major draw for buyers seeking an active lifestyle and various housing types to suit their needs.
Continued Affordability Compared to Bend
Redmond remains more affordable than Bend while still offering well-planned, high-quality neighborhoods. The price difference continues to attract the buying market looking for value without compromising on amenities.
Tight Inventory
Homes in top neighborhoods sell quickly, often within weeks of listing. Well-priced properties tend to receive multiple offers, reflecting strong competition among motivated buyers.
Growing Population
Redmond’s steady population growth is fueling housing demand. Many newcomers from larger cities and other states are drawn to the area’s mix of convenience, community, and outdoor opportunities.
Frequently Asked Questions
1. What types of homes are most common in Redmond’s new neighborhoods?
Most new projects include single family homes with energy-efficient materials, flexible layouts, and contemporary designs. Some neighborhoods also feature smaller-lot housing types or townhomes, offering more affordable options for buyers entering the market.
2. How does Redmond’s affordability compare to Bend?
Redmond remains more affordable than Bend, offering larger homes for lower prices and a lower overall cost of living. This price gap continues to attract people who want quality housing and a strong community without Bend’s premium pricing.
3. Are there any major developments that could shape Redmond’s housing future?
Yes. Several projects focused on west and north Redmond are either under construction or in planning. These include new subdivisions, expanded trail systems, and mixed-use sites that will support Redmond’s growth, add housing, and enhance daily life for residents.
Defining Redmond’s Next Chapter in 2026
Redmond’s real estate future looks strong. As new developments rise and builders continue to provide diverse housing types, the city will remain a magnet for those seeking value, community, and opportunity.
Even with limited supply, Redmond’s steady pace of construction and well-managed infrastructure are helping meet local demand without compromising quality. For buyers, this means choice. For sellers, it means confidence. For the community, it means growth that feels sustainable and shared.
For those interested in moving to Redmond, understanding local trends is key. Reliable information helps buyers and investors learn how to navigate the market. The city aims to provide housing opportunities that accommodate various incomes, while ongoing development ensures individuals can find neighborhoods that match their lifestyle. Community members play a role in contributing to the city’s growth, helping Redmond remain a desirable location in Central Oregon.
PMI Central Oregon is a trusted property management and real estate services company that helps investors, homeowners, and renters succeed in Central Oregon’s evolving market.
Explore your opportunities with PMI Central Oregon and see what makes these neighborhoods stand out.
