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Are you considering a home purchase in Redmond, WA? There are plenty of amazing spots in the state of Washington to buy in, and Redmond is certainly one of them. But before you make a move, it’s important to consider a few important factors, including the average home price in the city.
Knowing how much homes are worth and what they’re selling for is essential when searching for a home to buy in Redmond, and anywhere else for that matter. It helps to understand the temperature of the current market and what homes are selling for to give you an indication of how much you’ll have to spend to get into that particular market.
Of course, home prices never remain stagnant. They’re always changing, and despite the odd dip in prices, they tend to increase over time. One thing is for sure: Redmond is among the costlier cities in Washington State to purchase a home, for several reasons.
The city is a highly coveted one among buyers thanks to its natural landscape, amenities, outdoor living, family-friendly communities, low crime rate, excellent schools, and close proximity to employment opportunities.
Let’s take a closer look at the city, and more specifically, let’s find out the average home price in Redmond, WA to help you determine what you may have to pay in order to purchase a home.
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 is extremely hot right now, as it is in most other parts of the state. Homes are selling very quickly and for top dollar, and home prices continue to rise throughout the city.
According to RedFin, the housing market in Redmond is described as “very competitive” right now. Most homes receive multiple offers and often see bidding wars among buyers fighting for the same homes, and offers are often void of contingencies. In fact, the average home receives 4 offers and sells in about 20 days.
The amount of demand for housing in Redmond is driving prices up rapidly.
According to real estate research firm Zillow, the average home price in Redmond, WA is $1,348,208 as of February 2026. That’s a 1.3% decrease from the same month last year and is a testament to how quickly homeowners have been able to build equity in their homes in such a short period of time.
Redmond is certainly a desirable place to live, work, and play, and the ongoing demand among buyers is impacting housing prices. By no means is Redmond an affordable place to buy a home, but anyone who can afford the high price tag will enjoy a wonderful lifestyle while continuing to build wealth and equity over time.
If you decide to buy a home in Redmond, partner up with an experienced mortgage company and real estate team to increase your odds of a successful transaction.
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.
Do you have questions about mortgages in Redmond? If so, Sammamish Mortgage can help. We are a local mortgage company from Bellevue, Washington, serving the entire state, as well as Oregon, Idaho, Colorado, and California. We offer many mortgage programs to buyers all over the Pacific Northwest and have been doing so since 1992. Visit our website to get an instant rate quote or to use our online mortgage calculator. Please contact us if you have any questions or are ready to get pre-approved for a mortgage.
Redmond remains very competitive, with homes often receiving multiple offers.
Homes typically sell in 30 to 80 days, depending on the source and time period.
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.
Some sources show slight declines, such as a 0.8% drop, though the forecast is that prices will increase slowly, reflecting a stable trend.
Strong demand, limited inventory, and proximity to major employers like Microsoft continue to support high prices.
Yes — with median home prices above $1.2M, condos often 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.
Whether you’re buying a home or ready to refinance, our professionals can help.
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