The median home price in Redmond, WA sits at around $1,262,500 as of mid-2026. Homes are going under contract in roughly 24 days. If you're coming into this market without your financing already lined up, you're going to miss things.

This guide covers current pricing, housing types, and the actual steps involved in getting a home here - so you know what you're walking into before you start touring.

WA

Redmond

Welcome to Redmond, our local agent will provide you a professional market report and accurate local info. Please contact us at anytime.
$1,450,627
Average Sales Price
$1,250,000
Median Sales Price
419
Total Listings
80,598
Population Data provided by Attom Data

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demographics

Data provided by Attom Data

Population:

80.6K

Density:

1.7K

Households:

31.9K

Gender

50%
Male
50%
Female
Age Median:

Coming Soon

Annual Income Median:

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Employment

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Education

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The Redmond Housing Market Right Now

There are around 164 homes for sale in Redmond right now, which works out to about a three-month supply. That's not a lot, and it keeps competition steady across most price points. If you are listing your current property before purchasing, reviewing a home selling guide helps you coordinate the timing.

The median sale price is roughly $1,262,500 - though prices have dipped about 2.7% year-over-year, which is a small but real shift. Homes are closing at approximately 97.9% of list price on average. They're moving fast, but sellers aren't universally getting everything they ask for.
Is Now a Good Time to Buy?

That 2.7% dip is worth paying attention to. Prices are still high, but the direction has changed slightly, and that creates a window that wasn't there a year ago. You'll still have competition - about 13% of homes are selling above list price - but you're not walking into a market where every offer needs to be a war.

What you do need: a solid pre-approval and a clear ceiling on what you'll spend. Twenty-four days sounds like breathing room until you find a house you actually want.
School and business data provided by Attom Data.

Listings

MORE LISTINGS
MORE LISTINGS

RECENTLY SOLD LISTINGS

16404 NE 110th ST, Redmond, WA 98052

$1,350,000

Sold on 05/15/2026

Single Family Home

$1,275,000

3 Beds 2.5 Baths 1,880 SqFt

16404 NE 110th ST, Redmond, WA 98052

Welcome home to this gorgeous one of a kind Ramlber on a nice corner lot with tons of privacy and located in a highly de...

Redfin • Sue Dhillon

5.9%
7250 Old Redmond RD #H127, Redmond, WA 98052

$670,000

Sold on 04/23/2026

Condo

$698,000

2 Beds 2.25 Baths 1,939 SqFt

7250 Old Redmond RD #H127, Redmond, WA 98052

Perched above DT Redmond and the Sammamish River Trail, this Handsome Home is Surrounded by Parks, Trails, Dining, Shopp...

Tenhulzen Real Estate • Kimberly Tenhulzen

4.0%
7717 151st AVE NE, Redmond, WA 98052

$3,098,000

Sold on 12/04/2025

Single Family Home

$3,098,000

5 Beds 4.25 Baths 4,476 SqFt

7717 151st AVE NE, Redmond, WA 98052

MN Custom Homes presents a craftsman design located on a fantastic street near Grass Lawn Park. Entertainment spaces inc...

Real Residential • Brad Cahill

MORE LISTINGS

listing detail

Average Median
Bathrooms 2.48 2.5
Bedrooms 3.2 3
Year Built 1993 1995
Lot Size 0.99 Acres 6,184 Sqft
Taxes $10,224 $8,886

Property Types and Price Ranges

Your budget will push you toward one segment of this market or another, and it's worth being honest about that upfront.

Single-Family Homes and New Builds

Detached single-family homes dominate the higher end of the inventory. Larger lots, mature trees, proximity to parks and trails - that's what you're paying for. New construction is out there too, but it carries a price premium, and you'll want to build timeline flexibility into your plans if you go that route.

Condos and Townhomes

Condos and townhomes are the more accessible entry point for first-time buyers in Redmond. They tend to sit closer to retail and transit, which matters depending on how you live. The catch - and it's not a small one - is the HOA. Monthly dues cover exterior maintenance and shared amenities, but they factor directly into your debt-to-income ratio during underwriting. Know that number before you fall in love with a unit.
Occupancy

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Commute Score

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Temperature

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Data provided by Attom Data.

Where to Buy in Redmond

Some of the best neighborhoods in Redmond sit near the Microsoft campus and see consistent demand, full stop. Shorter commutes, easy access to dining and shopping - that combination doesn't go unnoticed by other buyers, and it shows up in pricing and competition.

If you're willing to drive a bit further, the edges of town offer a quieter residential feel while still keeping you connected to Redmond's core. The tradeoff is real, though. Test your commute during actual rush hours before you commit to a specific area.

Properties closer to the city center trend toward higher density and smaller lots. Further out means more space and more time in the car. Only you know which of those bothers you more.

Location and Commuting

Redmond sits in the Pacific Northwest, directly between Bellevue and Kirkland. That positioning is a big part of why the technology industry anchors here. Commuting into downtown Bellevue or Kirkland is a daily reality for a lot of residents - map your actual route at 8 a.m. on a Tuesday before you decide where to focus your search.
 

Cost of Living and Lifestyle

A median price north of $1.2 million means the household income required to qualify for a mortgage and cover monthly expenses comfortably is substantial. That's just the math. Beyond the mortgage, you're budgeting for property taxes, utilities, and general living costs. Weighing the pros and cons of living in Redmond helps clarify if these expenses align with your long-term goals.

The climate is temperate - wet winters, dry summers - and that pattern has real maintenance implications. Roofs and landscaping aren't optional line items here; they're recurring ones.

Finding a Local Real Estate Agent

The best real estate agent in Redmond isn't just someone with a license - it's someone who knows which areas are moving, which ones have sat, and how to put together an offer that gets taken seriously. Ask any agent you're considering how they handle communication, what their availability looks like for last-minute tours, and specifically how they approach negotiations. Commission is negotiated as part of the listing agreement, so have that conversation openly.

The Washington State Buying Process

Sellers here want to see a mortgage pre-approval letter before they'll even look at your offer. That's standard. Reviewing homebuyer programs in Redmond before applying for a loan ensures you understand all your financing options. Once you're under contract, your agent will walk you through the purchase and sale agreement - offer price, closing date, contingencies.
Making a Competitive Offer

With a 24-day average days-on-market, you can't sit on a decision for a week. Pull recent comparable sales before you write the offer so you're grounded in what the market is actually doing. The 97.9% sale-to-list ratio tells you that full-blown bidding wars aren't happening on every listing - there's often room for a reasonable negotiation, even now.

That said, the roughly 13% of homes selling above list price are a reminder that this isn't a buyer's market either. Read each property individually.
Inspections and Closing

Don't waive your inspection. A proper inspection surfaces issues with the roof, foundation, or major mechanical systems - things that can cost thousands to fix and that you have every right to know about before you close.

Closing costs in Washington typically include title insurance, escrow fees, and loan origination charges. Sit down with your lender before closing day and go through the final cash-to-close number line by line. No surprises on signing day.

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Frequently Asked Questions

How much over asking price do homes typically sell for in Redmond, WA?

Aggressive overbidding is not the norm right now. The average sale-to-list ratio is 97.9%, meaning most homes close slightly below asking. About 13% of properties still close above list price, so it happens - just not on everything.

Which Redmond neighborhoods are best for commuting to Microsoft or downtown Bellevue?

Is it more expensive to buy a house in Redmond compared to neighboring Bellevue or Kirkland?

Do I need to waive the home inspection to win a bidding war in the Redmond housing market?

Will Redmond sellers accept offers with out-of-state lender pre-approvals, or do I need a local Washington mortgage broker?

When is the best time of year to find the most housing inventory in Redmond?

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Ranjani Ravi

Ranjani Ravi

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