Market Overview
Home Prices in Redmond, WA
The median home value in Redmond, WA is $1,364,438 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.1% compared to a year ago and up 3.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Redmond are priced233% above average. Redmond is part of the Seattle-Tacoma-Bellevue, WA metro area.
Over the past five years, Redmond home values have risen by approximately24.4%, reflecting strong long-term appreciation in this market.
Price History
Redmond Home Price Trend
City Comparison
Redmond vs. National Median
At $1,364,438, homes in Redmond cost 233% above the national median of $410,000. Buyers in Redmond should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Redmond?
20% Down Payment
$272,888
on $1,364,438
Monthly P&I
$7,116/mo
30-yr @ 6.8%
Total Monthly Est.
~$9,037/mo
incl. taxes & insurance
Income Needed
$361,480
gross annual (30% rule)
10% Down Option
$136,444
+ PMI applies
Loan Amount (20% dn)
$1,091,550
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Redmond, WA?
The median home value in Redmond is $1,364,438 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.1% year-over-year.
How much have home prices changed in Redmond?
Over the past year, home values in Redmond have decreased by 4.1%. Over five years, prices have risen approximately 24.4%.
How much do I need to earn to buy a home in Redmond?
To comfortably afford the median home price of $1,364,438 with a 20% down payment ($272,888) at today's rates (6.8%), you'd need a gross annual income of approximately $361,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Redmond compare to the national average home price?
The national median home value is approximately $410,000. At $1,364,438, homes in Redmond are 233% above the national average.
What metro area is Redmond part of?
Redmond is part of the Seattle-Tacoma-Bellevue, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.