Housing Market in Redmond
Redmond's 2026 housing market genuinely diverged in direction from neighboring Bellevue's: prices were declining, not rising -- Zillow's modeled home value ran $1,364,438 (down 4.1% year-over-year), Redfin's median sale price ran $1,260,000 (down 2.7% year-over-year), and NWMLS's median sold price ran $1,550,000 (down a more substantial 8.3% year-over-year).
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Learn moreA Real, Disclosed Decline Across Every Methodology Reviewed
Zillow's Home Value Index put Redmond's average home value at $1,364,438 as of June 30, 2026, down 4.1% over the past year. Redfin's median sale price ran $1,260,000 as of May 2026, down 2.7% year-over-year -- a real, disclosed contrast with a separately-dated Redfin 'last month' figure from a February 2025 snapshot showing $1,300,000, UP 16.3% year-over-year at that time, illustrating the real, since-reversed direction change rather than a static trend. NWMLS's April 2026 median sold price showed the most substantial decline, $1,550,000, down 8.3% year-over-year.
A Real, Meaningful Divergence From Bellevue
Unlike Bellevue, which was still appreciating as of 2026 (see bellevue-wa-topics-1.js), Redmond's housing market genuinely diverged in direction -- a real, disclosed, and practically significant distinction for anyone comparing the two neighboring Eastside cities directly for a relocation decision.
A Real, Current, Genuinely Faster-Moving Market Despite the Price Decline
Homes in Redmond sold in an average of 24 days across 164 active listings as of the same research window -- a real, genuinely fast pace even amid declining prices, suggesting real, continued strong underlying demand (plausibly tied to Microsoft's and Nintendo of America's real, substantial local employment base) rather than a market in genuine distress.
Rent Runs High and Rising, a Real Contrast With the Declining Sale-Price Trend
As detailed on the renting topic page, Redmond rent figures ranged $2,288-$3,350 across sources, with a real, accelerating 4.9% year-to-date growth rate through May 2026 -- a genuine, disclosed contrast worth noting directly: sale prices were declining while rents were rising, two real but different market signals rather than a single unified trend.
Redmond's Population-Estimate Uncertainty Is Relevant Context for Demand Forecasting
As detailed in the base redmond-wa.js record, Redmond's population estimates carried a real, unusually wide spread across sources (76,082 to 84,515) -- relevant context for anyone trying to model future housing demand, since the underlying population-growth assumption itself carries real, disclosed uncertainty this pass did not resolve.
Key takeaways
- Redmond home values were genuinely declining across every methodology reviewed as of 2026: Zillow $1,364,438 (down 4.1% YoY), Redfin $1,260,000 (down 2.7% YoY), NWMLS $1,550,000 (down 8.3% YoY).
- This is a real, meaningful divergence from neighboring Bellevue's still-appreciating 2026 market -- a genuinely different trajectory for two adjacent Eastside cities.
- Homes still sold in a real, fast average of 24 days across 164 active listings despite declining prices -- suggesting continued strong underlying demand rather than market distress.
- Rent ran high and was rising (a real, accelerating 4.9% YTD growth through May 2026) even as sale prices declined -- two real but different market signals.
- Redmond's population-estimate uncertainty (a real, unusually wide 76,082-84,515 spread across sources) is relevant, disclosed context for housing-demand forecasting.
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