Redmond, WA Housing Market
The Redmond housing market is most competitive. Homes in Redmond receive 6 offers on average and sell in around 5 days. The median sale price of a home in Redmond was $1.4M last month, up 41.0% since last year. The median sale price per square foot in Redmond is $696, up 30.6% since last year.
Redmond Housing Market Trends
In March 2024, Redmond home prices were up 41.0% compared to last year, selling for a median price of $1.4M. On average, homes in Redmond sell after 5 days on the market compared to 14 days last year. There were 59 homes sold in March this year, up from 43 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Redmond housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 4 days.
- Hot homescan sell for about 12% above list price and go pending in around 2 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 5 days.
- Hot homescan sell for about 7% above list price and go pending in around 2 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 5 days.
- Hot homescan sell for about 8% above list price and go pending in around 2 days.
Redmond Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Redmond from outside metros.
- San Francisco homebuyers searched to move into Redmond more than any other metro followed by New York and Washington.
- 79% of Redmond homebuyers searched to stay within the Redmond metropolitan area.
- Phoenix was the most popular destination among Redmond homebuyers followed by Bellingham and Portland.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 2,468 | ||
2 | 852 | ||
3 | 159 | ||
4 | 9 | ||
5 | 6 | ||
6 | 4 | ||
7 | 4 | ||
8 | 3 | ||
9 | 2 | ||
10 | 2 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 4,311 | ||
2 | 2,288 | ||
3 | 2,180 | ||
4 | 1,714 | ||
5 | 1,708 | ||
6 | 1,639 | ||
7 | 1,421 | ||
8 | 1,347 | ||
9 | 1,278 | ||
10 | 1,233 |
Home offer insights for Redmond
Recent offers
View houses in Redmond that sold recently
Recently sold homes
- $765,000 Last Sold Price2 beds2 baths1,145 sq ft6205 189th Pl NE #102, Redmond, WA 98052Redfin John L. Scott, Inc.List Price$765,000Sale to List0% over listDays on Market37 days6205 189th Pl NE #102, Redmond, WA 98052
- $10,000,000 Last Sold Price5 beds7.5 baths8,580 sq ft20348 NE 85th St, Redmond, WA 98053Shawna Ader • Windermere Real Estate Midtown Windermere Bellevue CommonsList Price$10,950,000Sale to List9% under listDays on Market101 days20348 NE 85th St, Redmond, WA 98053
- $1,900,000 Last Sold Price4 beds2.5 baths2,760 sq ft18321 NE 111th St, Redmond, WA 98052Yang Xiao • RE/MAX Northwest Skyline Properties, Inc.List Price$1,625,000Sale to List17% over listDays on Market36 days18321 NE 111th St, Redmond, WA 98052
- $2,100,000 Last Sold Price5 beds4 baths3,350 sq ft10649 Elliston Way NE, Redmond, WA 98053Gauri Nadgouda • Skyline Properties, Inc. Skyline Properties, Inc.List Price$2,060,000Sale to List2% over listDays on Market50 days10649 Elliston Way NE, Redmond, WA 98053
- $1,285,000 Last Sold Price3 beds3 baths1,820 sq ft16811 NE 91st St, Redmond, WA 98052Geordy Rostad • Homes & Equity Real Estate Grp Engel & Voelkers KirklandList Price$1,199,950Sale to List7% over listDays on Market36 days16811 NE 91st St, Redmond, WA 98052
- $1,035,000 Last Sold Price3 beds2 baths1,440 sq ft13556 Adair Creek Way NE, Redmond, WA 98053Jennifer Robnett-Clay • Valley Realty Group Windermere Real Estate/EastList Price$935,000Sale to List11% over listDays on Market13 days13556 Adair Creek Way NE, Redmond, WA 98053
- $1,765,000 Last Sold Price3 beds2.5 baths2,900 sq ft23001 NE 72nd Pl, Redmond, WA 98053TRELORA Realty, Inc. RedfinList Price$1,749,999Sale to List1% over listDays on Market34 days23001 NE 72nd Pl, Redmond, WA 98053
- $330,000 Last Sold Price1 bed1 bath677 sq ft9474 Redmond-Woodinville Rd NE Unit A203, Redmond, WA 98052Redfin Keller Williams EastsideList Price$335,000Sale to List1% under listDays on Market41 days9474 Redmond-Woodinville Rd NE Unit A203, Redmond, WA 98052
See all recently sold homes in Redmond.
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Schools in Redmond
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Benjamin Rush Elementary School Public • K-5 | 670 Students | 13 reviews |
9/10 John J. Audubon Elementary School Public • K-5 | 602 Students | 6 reviews |
8/10 Norman Rockwell Elementary School Public • K-5 | 568 Students | 16 reviews |
8/10 Albert Einstein Elementary School Public • K-5 | 394 Students | 18 reviews |
8/10 Redmond Elementary School Public • K-5 | 604 Students | 16 reviews |
Climate's impact on Redmond housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Redmond.
Flood Factor - Moderate
Flood Factor
Fire Factor - Minor
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Wind Factor - Minimal
Wind Factor
Heat Factor - Moderate
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Transportation in Redmond
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