Is Redmond a buyer's or seller's market right now?

Redmond is currently a balanced market with 3 months of supply. 7.7% of homes sell above asking price, and 50% go pending within two weeks. The Ridley Sell Score for Redmond is 61/100 (Moderate), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Redmond?

The median home price in Redmond is $1,220,500, up 19.7% year-over-year. The median price per square foot is $629. Homes sell in a median of 65 days with a sale-to-list ratio of 99.1%.

How much does it cost to sell a home in Redmond, Washington?

On a $1,220,500 home in Redmond, a traditional listing agent charges around $36,615 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $97,640 or more. With Ridley Essentials ($999) you save $35,616, and with Ridley Pro ($3,499) you save $33,116 while getting full agent support.

How does Ridley's flat fee compare to a traditional Redmond agent?

A traditional Redmond listing agent typically charges 3% of the sale price — about $36,615 on a $1,220,500 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $35,616–$33,116 compared to a traditional agent.

How long does it take to sell a home in Redmond?

The median home in Redmond currently spends 65 days on the market before going under contract. 50% of homes go pending within two weeks. At a 99.1% sale-to-list ratio, sellers are getting very close to or above asking price. Only 26.6% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Washington?

No. Washington does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $1,220,500 home, that could save you up to $33,116.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Washington. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $36,615 commission.

National/Washington

Redmond, WA

Is Now a Good Time to Sell in Redmond, Washington?

The median home in Redmond sells for $1,220,500 with prices up 19.7% year-over-year. The average seller pays $36,615 in commissions — Ridley’s flat fee saves you $33,116.

Redmond Real Estate Market Conditions — March 2026

61out of 100

Ridley Sell Score

How it's scored →

Moderate

61/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Redmond market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Don't count on bidding wars — price to attract offers rather than leave room for negotiation. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

3 months of supply — near the balanced threshold of 5 months. Washington average is 3.1.

Price MomentumFavors sellers

Prices up 19.7% year-over-year — vs. -3.4% statewide.

Seller LeverageNeutral

Homes selling at 99.1% of asking — buyers are negotiating 0.9% below list. Washington average is 98.9%.

Bidding ActivityFavors buyers

7.7% of homes selling above list price — 67% below the Washington average of 23.3%.

Sale SpeedNeutral

65 median days on market — 5 days slower than the Washington average.

Market UrgencyFavors sellers

50% of listings go pending within 2 weeks — vs. 37.3% statewide.

Price StabilityFavors buyers

26.6% of listings have dropped their price — accurate initial pricing is critical. Washington average is 25.7%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$1,220,500

+19.7%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$629

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

99.1%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

Balanced

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Somewhat Competitive

Sold Above List

Percentage of homes that sold for more than their list price.

7.7%

Room to negotiate

Price Drops

Percentage of active listings that had a price reduction.

26.6%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

50%

Fast-moving

12-Month Price Trend

$1,253,000 → $1,220,500

▼2.6%

$1.4M$1.4M$1.3M$1.3M$1.2M

AprJunAugOctDecFebMar

Data updated March 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Redmond — delivered monthly.

Your savings

How much can you save selling your home in Redmond?

The average Redmond homeowner saves $33,116 by selling with Ridley instead of paying the traditional 3% listing commission on a $1,220,500 home.

$0Estimated savings

That's a new car — paid in full — save 2.7% of your home value

Your Redmond home value

$1,220,500

$50,000$10M

Traditional Agent (3%)

$36,615

Ridley Pro (flat fee)

$3,499

Ready to sell in Redmond?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

How much does it cost to sell a house in Redmond?

The total cost to sell a house in Redmond in 2026 ranges from $999 with Ridley Essentials to approximately $36,615 with a traditional 3% commission on a $1,220,500 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$36,615	$3,499	$999	$0
Buyer agent	$34,1742.8% avg	$24,410~2% avg	$24,410~2% avg	$34,1742.8% avg
Closing costs (~1.5%)	$18,308	$18,308	$18,308	$18,308
Total cost	$89,097	$46,217	$43,717	$52,482
Net proceeds	$1,131,403	$1,174,283	$1,176,783	$1,168,018
You save	—	$33,116	$35,616	$36,615No support