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REDMOND, WA 98053

Real Estate Market Report  ·  King County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The REDMOND, WA real estate market (98053) currently shows 60 active listings, with 19 pending sales. Homes are averaging 22 days on the market before going under contract.

Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 22 days on market compared to 16 days last year.

The median listing price has risen 0.6% year-over-year, from $1,639,500 to $1,649,588.

Whether you are buying or selling in REDMOND, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 22,765  ·  Density: 317.9/mi²  ·  Median household income: $171,822

Typical home value: $1,077,680  ·  Homeownership: 85.6%

Market Overview

Active Listings
60
⇧ 17.6% vs 51 last year
Pending
19
32% pending ratio
Median Price
$1,649,588
⇧ 0.6% vs $1,639,500 last year
Average Price
$1,990,218
⇧ 14.9% vs $1,732,384 last year
Days on Market
22
⇧ 37.5% vs 16 days last year

Price Per Square Foot

Median $/sqft
$598
⇩ 2.8% vs $615/sqft last year
Median Home Size
2,794 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 51 last year
  • Days on market: 22 now vs 16 last year

Median & Average Pricing

Year over Year
  • Median: $1,649,588 (+0.6% YoY)
  • Average: $1,990,218 (+14.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.2 miles — 1,004 listings ($1,995,459,578 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98053Redmond, WA 980530.0 mi47$93,909,431$1,599,250$1,998,073
98052Redmond, WA 980524.8 mi141$177,100,653$940,750$1,256,033
98008Bellevue, WA 980085.9 mi53$95,752,609$1,575,000$1,806,653
98019Duvall, WA 980196.6 mi57$51,793,962$842,495$908,666
98029Issaquah, WA 980297.4 mi86$89,915,322$691,739$1,045,527
98033Kirkland, WA 980338.0 mi231$476,076,909$1,650,000$2,060,939
98072Woodinville, WA 980728.4 mi62$100,465,916$1,549,993$1,620,418
98050Preston, WA 980509.0 mi1$2,345,000$2,345,000$2,345,000
98006Bellevue, WA 980069.5 mi90$200,159,550$1,924,500$2,223,995
98039Medina, WA 9803910.4 mi21$224,639,625$6,847,500$10,697,125
98027Issaquah, WA 9802711.2 mi81$105,720,633$1,191,248$1,305,193
98040Mercer Island, WA 9804012.0 mi43$219,186,824$3,441,250$5,097,368
98105Seattle, WA 9810512.2 mi91$158,393,144$967,450$1,740,584

Frequently Asked Questions

How many homes are for sale in REDMOND, WA 98053?

As of March 2026, there are 60 active listings in REDMOND, WA (zip code 98053), compared to 51 the prior year.

What is the median home price in REDMOND, WA 98053?

The median listing price in REDMOND, WA 98053 is $1,649,588 as of March 2026, a 0.6% increase from $1,639,500 the prior year.

How long do homes stay on the market in REDMOND, WA?

Homes in REDMOND, WA 98053 spend an average of 22 days on the market before going under contract, compared to 16 days the prior year.

Is it a seller's or buyer's market in REDMOND, WA 98053?

Based on current inventory and days-on-market data as of March 2026, REDMOND, WA 98053 is currently a Buyer's Market. Inventory has increased compared to last year, with 9 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 22 days on market compared to 16 days last year.

How much can I save on real estate commission in REDMOND, WA?

With SELL123.com's maximum 3% commission, sellers in REDMOND, WA 98053 save an estimated $32,992 compared to a typical 5% commission on the median listing price of $1,649,588. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.