Redmond, WA 98052 Real Estate Market Report

ZIP Code: 98052
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Redmond, WA as of April 2026 is characterized by a median sold price of $1,598,500, reflecting a robust demand despite a backdrop of elevated interest rate pressure. The neighborhood has seen an upward trend in prices, with the overall market conditions suggesting a balanced to seller-leaning environment, supported by a strong local economy and job growth in the tech sector. The median listing price stands at $1,750,000, indicating a notable gap between seller expectations and actual transaction values, which may create pricing friction in the market.

Transaction activity appears moderate, with median days on market recorded at 184 days, suggesting slower sales velocity. This extended time frame may indicate a need for sellers to adjust their pricing strategies to align better with buyer expectations. The overall inventory conditions show elevated inventory levels relative to sales activity, which could further influence market dynamics as buyers navigate through a landscape of excess supply.

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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.

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Market Metrics

Note: 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.

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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.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. $1,598,500 is the median sold price, indicating strong market demand despite elevated interest rate pressure.

2. 184 days is the median days on market, reflecting slower sales velocity and potential pricing adjustments needed by sellers.

3. $1,750,000 is the median listing price, highlighting a significant gap between seller expectations and actual market transactions.

4. The market temperature is neutral, suggesting balanced conditions with no clear advantage to buyers or sellers.

5. Rental demand remains robust with a median market rent of $4,310, indicating ongoing interest in rental properties despite fluctuations.

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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.