Market Snapshot
- Median listing price
- $1.66M
- Median rent
- $2,499/mo
- Days on market
- 85 days
- Gross rental yield
- 1.81%
- STR vs LTR
- $1,553/mo STR · $2,499/mo LTR
The median listing price in Redmond, WA ZIP 98052 is $1,660,000 as of July 2026.
The median market rent in Redmond, WA ZIP 98052 is $2,499/month as of July 2026.
The median days on market in Redmond, WA ZIP 98052 is 85 days as of July 2026. The market is currently hot.
At a median list price of $1,660,000 and a median rent of $2,499/month, the gross rental yield in Redmond, WA ZIP 98052 is 1.81% as of July 2026.
In Redmond, WA ZIP 98052, median Airbnb revenue is $1,553/month compared to median long-term rent of $2,499/month as of July 2026.
Redmond, WA 98052 Real Estate Market Report
ZIP Code: 98052
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Redmond, WA, are approximately 6.5% compared to the 5.9% levels observed earlier in 2026, indicating that property owners in this market currently hold more favorable financing than what is available today.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of recent market value is the median sold price $1,481,000, which anchors pricing expectations and suggests realized transaction values are below asking; note the median listing price $1,660,000 indicates a meaningful gap between seller expectations and completed sales, which may indicate pricing friction.
- The market shows slower sales velocity with a median days on market 85 days, which, combined with the listing-to-sale price gap, suggests moderate liquidity pressure rather than immediate turnover in all segments.
- Market heat is strong overall: the reported market temperature hot supports the persistence of demand, while the price year-over-year trend flat signals limited upward price momentum—this combination supports continued buyer activity but cautions on robust appreciation.
- Interest rates and rental dynamics are a key framing factor: interest rate pressure elevated and local financing context (current 30-year fixed rates ~6.5% vs 5.9% earlier in 2026) increase carrying costs for buyers, while median market rent $2,499 and the rent year-over-year trend up provide supportive fundamentals for investor and rental demand; together these signals mean buyers may be more rate-sensitive and focused on value, elevated interest rate pressure.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Quick sale indicating strong buyer demand and competitive market conditions.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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