Redmond WA Condo Prices & Market Trends

The modern Buoyant pavilion at Redmond Downtown Park, featuring a mirrored ceiling and vertical water wall rods under a clear sky.

Redmond Market Pulse (Condos)

Data updated Monthly

Redmond Condo Market Trends & Sales Data

Thinking about buying or selling a condo 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.

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?

Buying or selling a single family/residential home in Redmond? Residential Market Trends >

Live market data

Redmond Condominium — Median Sales Price (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Redmond condominium is a moderate-volume market — month-to-month median prices can fluctuate with the mix of homes sold. Year-over-year trends and the trailing 12-month average provide the most reliable read on market direction.

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo peak

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Market analysis

Live market data

Redmond Condominium — New Listings (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ New listings is a flow measure — how much supply hits the market each month. Pair it with active inventory (a stock measure) to see whether supply is building or being absorbed.

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo peak

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Market analysis

Live market data

Redmond Condominium — Homes for Sale (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Active inventory is a stock measure — how many homes are for sale at month-end. Rising inventory typically signals slower absorption; falling inventory typically signals competitive conditions.

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vs prior month

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo peak

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Market analysis

Live market data

Redmond Condominium — Pending Sales (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Pending sales are signed purchase contracts not yet closed. This is a leading indicator — pending counts often shift before closed sales reflect the same change.

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vs prior month

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo peak

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Market analysis

Live market data

Redmond Condominium — Median Days on Market (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Days on market measures how fast homes sell. Lower numbers signal stronger demand; higher numbers signal a slower market. This reflects the median of closed transactions in the month.

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vs same mo last yr

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trailing 12 months

24-mo high

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Market analysis

Live market data

Redmond Condominium — Months of Supply (—) (Pending Basis)

NWMLS market data · Condominium properties · Pending basis · Updated monthly

ℹ️ Months of supply (pending basis) estimates how long current inventory would last at the present pace of pending sales. Below 3 months = seller’s market; 3–6 months = balanced; above 6 months = buyer’s market.

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vs prior month

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo high

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Market analysis

Live market data

Redmond Condominium — Months of Supply (—) (Closed Basis)

NWMLS market data · Condominium properties · Closed basis · Updated monthly

ℹ️ Months of supply (closed basis) estimates how long current inventory would last at the present pace of closed sales. Below 3 months = seller’s market; 3–6 months = balanced; above 6 months = buyer’s market.

Latest month

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vs prior month

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo high

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Market analysis

Live market data

Redmond Residential — Months of Supply (—) (Closed Basis)

NWMLS market data · Residential properties · Closed basis · Updated monthly

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo high

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Market analysis

Live market data

Redmond Condominium — % of Original Sales Price (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ This ratio shows the median closed price as a percent of the original list price. Above 100% = homes selling above asking (competitive); 97–100% = balanced; below 97% = homes selling well below original asking (cooling/overpriced).

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vs prior month

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo peak

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Market analysis

Live market data

Redmond Condominium — Median Price per Square Foot (—)

NWMLS market data · Condominium properties · Updated monthly

ℹ️ Price per square foot normalizes for home size and is less sensitive to mix changes than median sales price. Use this for cleaner apples-to-apples comparisons across months and across markets.

Latest month

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vs prior month

Year-over-year

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vs same mo last yr

12-mo average

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trailing 12 months

24-mo peak

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Market analysis