Redmond, WA Housing Market Update — April 2026
Redmond's housing market is holding steady as we move through spring 2026. With 75 homes sold in the last 30 days and a healthy supply of active listings, the market is showing signs of equilibrium — meaning neither buyers nor sellers hold an overwhelming advantage right now. If you own a home in Redmond and have been wondering whether now is a good time to sell, the data tells an interesting story worth understanding.
What Homes Are Selling For
Redmond continues to command premium prices, reflecting the city's desirability as a tech-driven community anchored by major employers like Microsoft. Here's what the numbers look like for homes that closed in the last 30 days:
- Median sold price: $1,420,000
- Average sold price: $1,453,305
- Sale prices ranged from $227,000 to $4,600,000
- Median price per square foot: $632
- Average price per square foot: $663
The fact that the average sold price is close to the median is a good sign — it suggests the market isn't being heavily skewed by a handful of ultra-luxury outliers. The wide price range, however, reflects Redmond's diversity of housing stock, from condos and townhomes on the lower end to large single-family estates near the top.
Property Type Breakdown
Of the 75 homes sold, single-family homes dominated at 48 sales, followed by condos (16 total across two categories), townhomes (10), and one mobile home. Single-family homes remain the most in-demand property type in the area.
How Fast Are Homes Selling
Speed-to-sale is one of the clearest indicators of market temperature. In April 2026, Redmond homes are sitting on the market a bit longer than sellers might hope:
- Median days on market: 37 days
- Average days on market: 56 days
The gap between the median and average tells us something important: most homes are going under contract within about five weeks, but a subset of properties — likely those that are overpriced, need work, or are in less desirable locations — are taking significantly longer. If your home is priced right and shows well, 37 days is a realistic expectation. If it lingers, there's usually a reason worth addressing.
Current Inventory
There are currently 322 active listings in Redmond, with a median list price of $1,375,000 and an average list price of $1,586,875. That spread between the median and average on the active side is notably wider than on the sold side, which suggests some sellers may be testing the market with aspirational pricing that hasn't been validated by actual sales yet.
With 322 homes available and 75 sold over the past 30 days, buyers have meaningful choices — which is part of what's contributing to the balanced conditions we're seeing.
Market Outlook
Redmond's April 2026 market is officially assessed as a balanced market. This means supply and demand are relatively in sync — buyers aren't scrambling for every listing, and sellers aren't watching their homes sit indefinitely without offers. For homeowners, this is actually a healthy environment. You're not in a frenzied seller's market, but you're also not competing against a glut of inventory. Pricing strategy and home presentation matter more than ever in a balanced market, because buyers have options and will move on quickly if something doesn't feel right.
Looking ahead, Redmond's fundamental strengths — proximity to the Microsoft campus, strong schools, access to outdoor recreation, and continued tech sector employment — continue to support long-term housing demand. There's no indication of a sharp correction on the horizon.
What This Means If You're Thinking About Selling
If you've been on the fence about selling, here are the key takeaways from this month's data:
- Pricing matters more than ever. Homes priced correctly are selling in roughly 37 days. Overpriced homes are dragging the average up to 56 days — and extended time on market can actually hurt your final sale price.
- Buyer activity is real. Seventy-five homes sold in 30 days is meaningful volume. There are qualified buyers in Redmond actively purchasing.
- You have equity. A median sale price of $1,420,000 means many Redmond homeowners are sitting on substantial equity that could be put to work.
- Condition and preparation still count. In a balanced market, buyers compare options carefully. Homes that show well and are priced to reflect current conditions tend to perform better.
Of course, the traditional listing process isn't the right fit for every seller. If your home needs repairs, if you're facing a time-sensitive situation, or if you simply prefer a faster and more predictable sale, there are alternatives worth exploring.
At KDS Homebuyers, we buy homes directly from Redmond homeowners for cash — no repairs, no showings, no waiting 37-plus days to find out if a deal will close. If you're curious what your home might be worth in a direct sale, or just want to understand all your options before making a decision, we're happy to have a no-pressure conversation. Reach out anytime at kdshomebuyers.net to get started.
