House Charts

Redmond, WA Housing Market: Home Prices & Rent

Updated September 2026 data · city in the Seattle metro
Redmond, WA home values are down 4.2% over the past year, to a typical $1.29M - 9% below the June 2022 peak. Typical rent is $2,577 a month (+4.1% in a year). That's 80% above the Seattle-area typical of $720k.
Typical home value
$1.29M
-4.2% (-$56k) in 12 months
From the peak
-9%
Peak $1.43M, Jun 2022
Since Dec 2019
+61%
from $805k
Typical rent
$2,577/mo
+4.1% in 12 months
vs Seattle metro
+80%
metro typical $720k
Days to go under contract
46
Seattle metro, September 2026

Redmond home values since 2000

$500k$1,000k$1,500k2000200420082012201620202024Peak $1,426k (Jun 2022)Now $1,293k

Last few years

$800k$1,000k$1,200k$1,400k20192020202120222023202420252026Peak $1,426k (Jun 2022)Now $1,293k

Rent in Redmond

$1,500$1,750$2,000$2,250$2,500201520172019202120232025Now $2,577

Owning vs renting, monthly

Buying the typical Redmond home with 20% down at this week's 7.32% 30-year rate costs about $8,722/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,577/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Redmond vs the Seattle metro, Washington and the U.S.

Typical home12-month changeTypical rent
Redmond, WA$1.29M-4.2%$2,577/mo
Seattle metro$720k-1.6%$2,250/mo
Washington$588k-0.5%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Redmond, WA?

Yes - the typical Redmond home value is down 4.2% over the past 12 months, at $1.29M (September 2026). Values are 9% below their June 2022 peak of $1.43M.

Is the Redmond housing market crashing?

Home values are 9% below their June 2022 peak and down 4.2% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Redmond, WA?

Typical rent in Redmond is $2,577 a month (September 2026), +4.1% over 12 months.

Is Redmond more expensive than the rest of the Seattle area?

The typical Redmond home ($1.29M) is 80% above the Seattle metro typical of $720k (September 2026).

More of the Seattle area

Seattle metro housing market · Tacoma · Bellevue · Renton · Bothell

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Redmond, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.