If you’re researching the average home price in Redmond, WA, the clearest short answer is that one widely cited benchmark is Zillow’s average home value of $1,364,438 as of June 2026. But that number is not the same thing as the exact price buyers are paying in closed sales, which is why Redmond buyers should look at both home-value data and sale-price trends before setting a budget.
That distinction matters in a market like Redmond, where competition, time on market, and financing strategy can affect what you actually need to offer. Knowing the difference between average home value, median sale price, and market speed can help you estimate your down payment, monthly payment, and whether you may need to compare loan options more carefully.
Redmond remains one of the more expensive cities in Washington State to buy a home. Let’s take a closer look at the city and what local pricing means for buyers.
There are tons of great places in Washington State to buy a home and live, and Redmond is one of them. The city of approximately 72,000 people enjoys year-round outdoor recreational activities, including the annual bike race on city streets. In fact, Redmond is known as the “Bicycle Capital of the Northwest”.
There are also plenty of employment opportunities within the confines of Redmond. The city is widely recognized as being the hub of tech companies, including Microsoft and Nintendo of America.
Redmond is a safe place to live and has great schools and plenty of family-friendly neighborhoods. Given the desirability of Redmond, home prices tend to be more expensive than the average in King County and Washington as a whole.
The real estate market in Redmond remains competitive, though different data sources measure different parts of the market.
Average home value: According to Zillow, the average home value in Redmond, WA is $1,364,438 as of June 2026, down 4.1% year over year. Zillow also notes that homes go to pending in around 20 days. This type of figure is useful for understanding broad value trends over time, but it should not be treated as a direct substitute for the exact prices buyers are paying in recent closed sales.
Recent sale-price context: According to Redfin, the median sale price of a home in Redmond was $1.3M over the last 3 months. Redfin also reports that the average homes sell for around list price and go pending in around 13 days. For buyers, sale-price data helps frame what sellers have recently accepted in the market, which is often more directly relevant when building an offer strategy.
Competition signals: Redfin describes Redmond as “very competitive” and reports that homes in Redmond receive 2 offers on average and sell in around 12 days. Competition indicators like offers and days on market help buyers understand how quickly they may need to act and how much negotiating room they may or may not have.
Taken together, these metrics show that Redmond remains a higher-cost market where values are elevated, sale prices are substantial, and buyer competition can still move homes quickly.
Higher Redmond home prices affect more than the purchase price alone. They also shape how much cash you may need up front, what your monthly payment could look like, and which loan programs may be worth comparing.
For many buyers, a higher target price means a larger down payment expectation, even if the down payment percentage stays the same. It can also mean a larger loan amount, which makes it especially important to review your payment estimate early with a mortgage calculator and compare principal, interest, taxes, and insurance as part of your budget.
In a market where homes can go pending quickly, getting pre-approved for a mortgage before making offers can also be especially important. A preapproval gives you a clearer price range and can help you move faster when the right property comes up.
Because Redmond price points are relatively high, some buyers may also need to compare different loan paths depending on their down payment, credit profile, and target loan size. That may include conforming financing, FHA financing, VA financing for eligible borrowers, or jumbo options in cases where the loan amount goes beyond standard conforming limits. The right fit depends on your finances and the home price range you’re targeting.
Pro Tip: Check out our 2026 Conforming Loan Limits and FHA Loan Limits pages to help you understand how much you can borrow with a specific mortgage program.
If Redmond home prices are shaping your budget, the next step is to understand what that price range means for your financing options. You can check current mortgage rates in Redmond, use our mortgage calculator to estimate a monthly payment, or get pre-approved for a mortgage before you start making offers.
Sammamish Mortgage can help. We serve clients across Washington, Idaho, Colorado, Oregon, and California. Since 1992, we’ve been providing several mortgage programs and products with flexible qualification criteria to borrowers across the Pacific Northwest. Visit our website to get an instant rate quote or to use our online mortgage calculator. Or, reach out to us if you are ready to get pre-approved for a mortgage.
Redmond remains very competitive, with homes often receiving multiple offers.
Homes in Redmond move quickly. Zillow reported homes going pending in around 20 days, while Redfin reported roughly 12 to 13 days depending on the measure used.
Forecasts vary, but recent trends show modest year-over-year shifts rather than dramatic swings.
Yes — Redmond consistently ranks among the higher-priced markets in King County.
Zillow reported the average home value in Redmond at $1,364,438 as of June 2026, down 4.1% year over year. Buyers and homeowners should still check current local market data because conditions can change over time.
Strong demand, limited inventory, and proximity to major employers like Microsoft continue to support high prices.
Yes — with Zillow showing a Redmond home value of $1,364,438 as of June 2026, condos can still provide a lower-cost entry point into the market.
Given its stable pricing, strong demand, and tech-driven economy, Redmond remains attractive for long-term buyers.
These numbers measure different things. Zillow’s average home value reflects a broad estimate of home values over time, while Redfin’s median sale price reflects the midpoint of recent closed sales. Both are useful, but recent sale-price data is often more helpful when planning an offer.
Possibly. Because Redmond home prices are relatively high, some buyers may need to compare jumbo financing with conforming, FHA, or VA options depending on their down payment, credit profile, and target loan size.
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