Western Washington Market Pulse
Redmond Real Estate Market Report(Residential Homes)
Live NWMLS data on Redmond home prices, inventory, days on market, and sale-to-list ratios — refreshed every month so your next move starts with current numbers, not last year’s headlines.
Redmond Market Pulse
Four indicators that tell you where the Redmond residential market is heading — sourced directly from NWMLS and refreshed monthly.
A headline number rarely tells the whole story.
Scroll down for the complete view — every chart, every data point, three full years of context. Because the difference between a good decision and a great one is almost always in the trendline beneath the number.
See all graphs & dataSource: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Redmond segment. Reported figures are NWMLS data and are not guaranteed. Equal Housing Opportunity. Matthew Konsmo · Coldwell Banker Danforth.
June 2026 — Matthew’s Analysis of the Redmond Market
In June 2026, the median sales price across Redmond residential came in at $1.59M, up 9.7% from the month prior, while the median price per square foot stood at $669. Year over year the median is down 3.6%, a signal of some give in pricing power in this market.
On the supply side, Redmond saw 116 new listings come to market in June 2026, against 200 homes for sale at month end. Active inventory is up 50.4% from a year ago, giving buyers a wider field of choices than they had last year. At roughly 4.2 months of supply, that points to a relatively balanced market by the conventional rule of thumb (under three months favors sellers, over six favors buyers).
Demand stayed active: 55 pending sales and 55 closings in June 2026. The median home took about 12 days to sell — a steady, workable pace. Sellers are realizing about 97.4% of their original list price — very close to their original asking price.
Taken together, the ten indicators describe a balanced Redmond market. Pricing has softened modestly year over year, while inventory and pace are the levers worth watching month to month. For a buyer or seller weighing a move, the right read is rarely a single headline number — it is the direction these series are trending together, which is exactly what the full charts below lay out.
Source: Northwest Multiple Listing Service® via InfoSparks (ShowingTime). Residential sales, Redmond segment. Analysis by Matthew Konsmo · Coldwell Banker Danforth. Figures are NWMLS data and are not guaranteed.
Redmond vs. Its 5 Closest Markets (Data through June 2026)
Six dimensions, scored relative to the 6 markets shown — the farther a city's line reaches, the stronger it reads on that dimension. Tap a city in the legend to show or hide it.
Redmond Housing Market Trends & Residential Sales Data
Thinking about buying or selling a residential home in Redmond? This page tracks the Redmond real estate market using live Northwest Multiple Listing Service (NWMLS) data—updated monthly with median sale prices, days on market, closed sales, and inventory levels. Because Redmond sits at the heart of the Eastside tech corridor and features a distinctive mix of established residential neighborhoods, newer master-planned communities, and growing density near Downtown and Overlake, tracking localized data is essential for understanding general market direction.
Is Redmond a Buyer’s or Seller’s Market? (Data through June 2026)
Months of supply measures how long today’s inventory would last at the current sales pace — the cleanest single read on who holds the leverage.
Whether you are timing a purchase or preparing to list, the data below provides a clear, objective look at current market conditions. Looking for a more localized market perspective? Explore our hyper-local neighborhood guides for a micro view of specific real estate markets across the city, from Education Hill, Grass Lawn and Overlake.
Buying or selling a condo in Redmond? Condo Market Trends >
How Redmond Compares to Nearby Markets (Data through June 2026)
Median sales price, price per square foot, and median days on market across Redmond and its 5 closest NWMLS markets. Open any city for its full Market Pulse.
| City | Median Sales Price | Price / SqFt | Median Days on Market |
|---|---|---|---|
| Redmond Home market | $1,590,000 baseline | $669 baseline | 12 days baseline |
| Kirkland 4.1 mi away · View Market Pulse | $1,800,000 ▲ +13% vs Redmond | $710 ▲ +6.1% vs Redmond | 12 days same pace vs Redmond |
| Yarrow Point 4.9 mi away · View Market Pulse | $7,500,000 ▲ +372% vs Redmond | $1,316 ▲ +97% vs Redmond | 5 days ▼ −7 days vs Redmond |
| Clyde Hill 5.4 mi away · View Market Pulse | $4,000,000 ▲ +152% vs Redmond | $847 ▲ +27% vs Redmond | 3 days ▼ −9 days vs Redmond |
| Hunts Point 5.4 mi away · View Market Pulse | $17,370,000 ▲ +992% vs Redmond | $3,135 ▲ +369% vs Redmond | 79 days ▲ +67 days vs Redmond |
| Sammamish 5.6 mi away · View Market Pulse | $1,567,500 ▼ −1.4% vs Redmond | $589 ▼ −12% vs Redmond | 12 days same pace vs Redmond |
Why Direct Comps Reign Supreme in Redmond
While median and average prices are useful for identifying broad market shifts, they are often too “macro” when you are trying to value a specific front door. To find the true market value of a Redmond home, nothing beats a direct comparable (comp).
Contact Matthew for a Comparable Market Analysis on your home >
Direct comps account for the critical nuances that broader statistics completely ignore:
Hyper-Locality Matters
In Redmond, value shifts quickly from one pocket to the next. The arrival of the 2 Line at the Downtown Redmond and Redmond Technology stations—and the redevelopment around Overlake and downtown—has reset what proximity is worth, sometimes swinging value well beyond 5% to 10% depending on walkability and zoning. Compare that to the Lake Sammamish waterfront in Idylwood, the larger lots on Education Hill, Union Hill, and Novelty Hill, and the wine-country edge of the Sammamish Valley, and a citywide average tells you very little. A direct comp reflects the reality of the specific street and neighborhood.
Accounting for Quality and Finishes
Broad data points can’t distinguish between builder-grade finishes and high-end custom upgrades. Whether a home features standard laminate or custom mitered-edge quartz, direct comps allow for “line-item” adjustments. Redmond’s housing stock runs the full range—from established homes in Grass Lawn and Bear Creek to townhomes and modern construction filling in downtown and Overlake. Line-item adjustments ensure the premium investments made in a home’s interior are actually reflected in its valuation.
The “Vibe” Factor
Statistics often treat square footage as equal, but buyers don’t. A 1980s two-story on Education Hill and a 2026 modern build steps from a light rail station might share the exact same footprint, yet they appeal to entirely different buyer pools. Using direct comps ensures you’re comparing “apples to apples” by matching the architectural style, character, and lifestyle appeal of a property.
The Bottom Line: If you want to know what a home is worth in today’s market, look past the ZIP code averages and focus on the three or four most similar properties that have closed nearby. That’s where the real data lives. Get the facts behind your home’s value. Contact me for a personalized CMA based on your Redmond property’s specific characteristics and current market data.
Redmond Market Questions, Answered by the Data
Written automatically from the live NWMLS numbers on this page — so the answers update themselves each month.