What is the median home price in Redmond?
The typical Redmond home is worth $1,315,884 as of September 30, 2026, down 3.9% from a year earlier, according to Zillow's home value index. Homes go pending in about 35 days.
Zillow's index is a modeled value across every home in the city, condos and townhomes included. The median sale price in a given month runs higher, typically $1.3 million to $1.4 million. The homes that actually sell skew toward larger single-family properties on the plateau. Both measures are down over the year, and both are below where they stood in 2025.
Redmond housing market at a glance
Are Redmond home prices going up or down?
Down, by about 4% over the year, which is the same pace as Bellevue and slower than Kirkland.
Both zip codes are down, 4.0% in the core and 3.4% on the plateau. The pattern is the same as the rest of the Eastside. Prices ran up through 2024 on tech-salary demand and thin inventory. At a 7.40% mortgage rate, the buyers who remain cannot carry the payments those prices required.
A $1.3 million purchase with 20% down now costs about $7,289 a month in principal and interest. Prices have given back enough to hold that payment roughly where it was, and no more.
This is a correction from a very high base. Redmond's typical home is still worth more than double the Washington statewide figure of $591,879.
How fast are homes selling in Redmond?
In about 35 days, a week longer than Renton or Bellevue and the slowest pending time among the Eastside cities we track.
The reason is the price point. Nearly every Redmond single-family home is a jumbo-loan purchase, and jumbo buyers are the most rate-sensitive segment of the market. When the rate moves from 7.0% to 7.4%, a buyer holding the same monthly payment loses roughly $50,000 of purchasing power on a $1.3 million home. Some of them step back to wait.
The homes that are priced to the last 90 days of closed sales still go pending in a week or two. The median is pulled to 35 by the homes priced to last spring.
Is Redmond a buyer's or seller's market right now?
Closer to a buyer's market than at any point since 2019, with the usual Eastside exception for the well-priced home.
Thirty-five days to pending, prices down 4%, and a thinner jumbo-loan buyer pool all point the same way. Buyers can negotiate on price, on credits, and on contingencies they would have waived two years ago. Sellers who price to the current comparable sales still get competition; sellers who price to the neighbor's 2025 sale get a price cut. Our read on whether the Seattle area is a buyer's or seller's market covers the regional picture.
What do Redmond homes cost by neighborhood and zip code?
Redmond splits along a line most buyers do not expect: the plateau is now the more expensive half.
The core zip is where Redmond's older housing is. Think 1960s and 1970s ramblers and split-levels on Education Hill and Grass Lawn, the townhome and condo stock around downtown and the light rail stations, and the smaller lots near the Microsoft campus. The plateau zip is newer construction, larger homes, larger lots, and the master-planned communities east of Avondale Road. Buyers pay about $113,000 more for the plateau and get more house for it, with a longer drive to everything.
Within 98052 the spread is wide. Education Hill, with its school reputation and walkable streets, prices above the zip average. Overlake and the blocks near the campus have the most new townhome inventory and the most condos, which pull the average down. Downtown Redmond has transformed since the light rail opened, with mid-rise apartments and condos that trade well under $1 million.
Our Redmond community page covers each neighborhood, and our guide to the best Seattle suburbs for families puts Redmond alongside the rest of the Eastside.
How does Redmond compare to Bellevue and Kirkland?
Redmond is the middle of the three, and the gap to Bellevue has closed.
Redmond sits about 7% below Bellevue and 12% above Kirkland. A Redmond buyer saves roughly $570 a month against the same purchase in Bellevue and pays about $760 more than in Kirkland. What the buyer gets for the premium over Kirkland is proximity to the Microsoft campus and newer housing stock; what they give up is Kirkland's waterfront downtown. Our Bellevue, Kirkland, and Renton market pages carry the detail behind each row.
What is driving the Redmond market?
One employer, one rail line, and one plateau.
Microsoft. The campus is in 98052, and the commute to it is the single largest variable in Redmond pricing. Homes within a bike ride of campus hold value through every cycle, and the company's return-to-office policy is a market factor here in a way it is nowhere else in the region.
Light rail. The 2 Line reached downtown Redmond and Marymoor Village, and the station areas have the city's densest new construction. That added condo and townhome supply is part of why the 98052 average sits below the plateau. It also gives the core a transit story the plateau does not have.
The plateau. Redmond Ridge, Trilogy, and the Novelty Hill communities were built in the 2000s and 2010s with larger homes on larger lots. They draw the buyer who wants new construction and a yard and will trade the drive. With Sammamish and Issaquah priced even higher, the plateau is where that buyer lands.
The factor pushing the other way is the payment. At 7.40%, a jumbo loan on a typical Redmond home runs about $7,289 a month in principal and interest with 20% down. Jumbo rates often price above the conforming average, so the real number can be higher. The buyer pool that can carry that has thinned, which is why Redmond's days to pending are the longest on the Eastside.
What to know if you are buying in Redmond
Decide between the core and the plateau first. They are different purchases at similar prices.
Core or plateau. The core buys the commute and the older house. The plateau buys the newer house and the drive. The $113,000 gap in typical value understates how different the two feel.
Expect a jumbo loan. Almost any single-family purchase here exceeds the conforming limit. Get fully underwritten with a jumbo lender before you tour; jumbo underwriting is slower and stricter than conventional, and sellers know it. Our guide to how to buy in a seller's market covers the offer, and the financing contingency guide covers what protects you if the loan takes longer.
Use the 35 days. A Redmond listing past its third weekend has a seller who has watched two open houses come and go. Credits, inspection repairs, and a rate buydown are all reasonable asks on that home.
Check the HOA. Most plateau communities carry dues, and the lender counts them in your ratio. Ask for the resale certificate early.
What to know if you are selling in Redmond
Price to your zip's last 90 days of closed sales, and expect a month on market unless you price under the last comparable.
Jumbo buyers are fewer and more careful. Your buyer is likely financing above the conforming limit. That means a longer underwriting timeline and more scrutiny of the appraisal. Build the extra time into your plans. Start with what your home is actually worth.
Newer homes on the plateau compete with new construction. If your Redmond Ridge home is 15 years old, the comparison set includes builder inventory with incentives. Condition and staging matter more here than in the core. Every Door's Turnkey Services handle pre-sale work with nothing paid upfront.
Read offers for the loan, not just the price. A fully underwritten jumbo buyer at 2% under list is often the better offer than a pre-approved buyer at asking. Our comparison of cash offers vs financed offers covers how to read the stack.
Frequently asked questions
What is the average home price in Redmond, WA?
Zillow's typical home value for Redmond is $1,315,884 as of September 2026. The median sale price in a given month runs higher, typically $1.3 million to $1.4 million, because single-family sales on the plateau skew the mix. The two zip codes differ by about $113,000, with 98053 the more expensive.
Is Redmond more expensive than Bellevue?
No, but the gap has narrowed. Redmond's typical home is $1,315,884 against Bellevue's $1,418,231, about 7% less. Redmond's plateau zip, 98053, at $1,392,078 is within 2% of Bellevue's citywide figure.
Is Redmond, WA expensive to live in?
Yes. The typical home costs more than double the Washington statewide figure and about 58% more than Seattle's. The offset is that Redmond has the Eastside's largest supply of new townhomes and condos near the light rail stations, where a buyer can get in well under $1 million.
Are house prices dropping in Redmond?
Yes, by about 3.9% over the past year on Zillow's index, with both zip codes down. The cause is the mortgage rate's effect on jumbo-loan buyers rather than any change in demand for Redmond itself. Whether the decline continues depends on rates more than on anything local.
Reading the Redmond market with a local team
Redmond is a Microsoft commute line with a plateau attached, and the price map follows that geography more closely than any citywide median can show.
At Every Door Real Estate, we help buyers choose between the core and the plateau and get jumbo-ready before they tour. We help sellers price to their own zip's comparable sales in a 35-day market. If you are deciding whether to move in Redmond this fall, talk with our team.
Market figures in this article are from Zillow as of September 2026 and the Freddie Mac rate as of October 8, 2026. They are updated quarterly and describe citywide and zip-level trends. Your specific home, street, and price range may differ.
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