Redmond is a substantial city of about 69,000 people in Washington, with a luxury price point at the top end of the residential market.
| State | Washington |
|---|---|
| Population | 69,000 |
| Median home value | $1,100,000 |
| Active listings | 200 |
| Median across Washington communities we track | $450,000 |
The Redmond housing market
At $1,100,000, the median home value here runs roughly 144% above the median across the 17 communities we track in Washington — this is one of the more expensive addresses in the state.
Roughly 200 active listings at last count, which gives buyers genuine room to compare and to negotiate on properties that have been sitting.
Search homes in Redmond
Current listings for Redmond are maintained on the following site:
- Luxury homes for sale in Redmond — redmondluxuryhomes.com
These are external sites operated independently of 1PropertyHub. We do not control their listings, pricing, or availability, and we are not a party to any transaction arising from them.
Buying in Redmond
At the top of the market, comparable sales are scarce and each property is genuinely distinct. Valuation ranges widen, appraisals become less predictable, and negotiation depends more on motivation than on comps.
Before you make an offer, work out what the monthly payment actually looks like at this price level. Our mortgage calculator includes property tax, insurance, and mortgage insurance rather than just principal and interest, and the affordability calculator solves backwards from your income to a purchase price a lender would support. If you are weighing a purchase against continuing to rent, the rent vs buy calculator accounts for transaction costs on both ends.
Investing in Redmond
For rental investors, the questions here are rent-to-price ratio, the property tax burden, insurance cost, and the depth of the tenant pool at this population size. Underwrite with honest vacancy, management, maintenance, and capital reserves rather than rent minus mortgage — see our cash flow calculator and the rental underwriting guide. Verify short-term rental rules with the municipality before assuming any STR strategy will be permitted.
Nearby communities in Washington
Frequently asked questions
What is the median home value in Redmond, WA?
The median home value in Redmond is approximately $1,100,000. At $1,100,000, the median home value here runs roughly 144% above the median across the 17 communities we track in Washington — this is one of the more expensive addresses in the state. Values move with the market and vary widely by neighborhood, condition, and lot — treat this as a starting point and verify against recent closed sales before pricing an offer.
How many homes are for sale in Redmond?
There were roughly 200 active listings at last count. Roughly 200 active listings at last count, which gives buyers genuine room to compare and to negotiate on properties that have been sitting. For current inventory, see Luxury homes for sale in Redmond.
What should I know before buying in Redmond?
At the top of the market, comparable sales are scarce and each property is genuinely distinct. Valuation ranges widen, appraisals become less predictable, and negotiation depends more on motivation than on comps. Beyond the property itself, confirm the property tax rate and any exemptions with the county assessor, and get an insurance quote before you are under contract — both vary far more by location than buyers expect. Our Washington state guide covers closing practice and property law.