The story of this market
The typical home in ZIP 97758 sells for about $482,000, or $324 per square foot.
Prices are down 9.48% from a year ago, which gives buyers more room to negotiate. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 97758 — Riley
The Redmond housing market is experiencing a cooling phase with declining median prices and lower sales volume compared to previous years. Buyers are finding a more competitive environment for lower-priced homes, while overall market activity has slowed significantly.
Median prices moved down 9.5% year over year.
Homes spend a median of 38 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 9.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical -4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 97758, Deschutes County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Redmond serves as a growing residential and employment hub in Central Oregon, benefiting from regional economic momentum and proximity to Bend.
The local economy is driven by a mix of regional services, manufacturing, and residential growth, with significant influence from the broader Deschutes County labor market.
Data retrieved from data.census.gov for ZCTA 97758.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.