Redmond Real Estate Market Report — May 2026
Redmond, WA housing market for May 2026: median ~$1.25M, 10 days on market, 1.5 months of supply. What it means for buyers and sellers.
By Shivali Sharma, Real Estate Broker · Dulay Homes LLC
Here's where the Redmond real estate market stands as of May 2026. Home of Microsoft, a fast-growing light-rail downtown, and an unmatched trail network. Below are the headline numbers, what they mean if you're buying or selling, and what to watch next month.
Redmond market snapshot — May 2026
- Median sale price
- $1.25M
- Price / sq ft
- ~$525
- Days on market
- 10
- Months of supply
- 1.5
- Sale-to-list
- 102%
Inventory remains tight at roughly 1.5 months of supply — well below the five-to-six months that signals a balanced market. Well-priced, well-presented homes are still selling quickly (around 10 days on market) and at about 102% of list price.
What this means if you're buying
With supply this tight, speed and preparation win. Get fully pre-approved before you tour, and set up instant listing alerts so you see new Redmond homes the day they hit the market — not after the first weekend of showings. The buyers who write clean, well-structured offers quickly are the ones getting their homes.
What this means if you're selling
Demand is steady and inventory is low, which favors sellers — but buyers in this price range are discerning. Accurate pricing and strong presentation still drive the best results; overpricing leads to sitting and price cuts even in a tight market. A current, broker-reviewed valuation is the right starting point.
What defines the Redmond market
- Microsoft + tech employment — The Redmond and Overlake campuses anchor steady, high-income housing demand.
- Light rail to Downtown Redmond — The 2 Line's Downtown Redmond and Marymoor Village stations boost transit-served homes.
- Trails and parks — Marymoor Park and a deep trail network — a defining amenity for the city.
- More space for the money — Often a step more affordable than Kirkland or central Bellevue at a given size.
The month ahead
Expect the usual seasonal lift in new listings heading into summer, which should give buyers a little more selection — though competition for the best Redmond homes will stay strong. I'll update these figures next month. Want it in your inbox automatically? Subscribe to the Redmond market report below.
These are approximate figures for general guidance as of May 2026 — not an appraisal. For the precise, current number on a specific home or block, request a personalized analysis.
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Frequently asked questions
Is Redmond a good place to live for Microsoft employees?
- Redmond is the closest Eastside city to the Microsoft campus, with neighborhoods within a short drive or bike ride and, increasingly, light-rail access. Buyers who work there often weigh Education Hill and Grass Lawn (single-family, near schools) against Downtown and Overlake (condos/townhomes near transit and the campus).
What's the average home price in Redmond?
- As of May 2026, Redmond's approximate median sale price is around $1.25M, with single-family homes on Education Hill running higher and downtown/Overlake condos and townhomes offering lower entry points. For the current month's precise figures by neighborhood, request the free Redmond market report.
Does Redmond have light rail to Seattle?
- Yes. Sound Transit's 2 Line serves Downtown Redmond and Marymoor Village, connecting through Overlake and Bellevue toward Seattle. The extension has made walkable, transit-served condos and townhomes one of Redmond's fastest-growing housing segments.