Redmond Market Update

March 24, 2026

Here's what I've been noticing in the Redmond market lately.

The median list price is now sitting at $599,900, which is the first time in a few weeks we've dipped back under the $600,000 mark. That's not a sharp shift, just part of the same pattern we've been watching where prices have been leveling rather than climbing.

The Market Action Index remains at 34, down from 35 last month. We're still in a slight seller's advantage, but the overall trend continues to point toward a more measured pace.

Inventory has increased again to 165 homes, continuing the gradual build we've seen throughout March. Buyers have more options now, which tends to slow decision making and puts more focus on how each home is positioned.

Homes are still selling, but not quickly across the board. The median days on market is 49, with the average just under 100 days. That tells us the homes that are priced and presented well are moving, while others are taking more time.

About 34 percent of listings have reduced price, while only 1 percent have increased. That's been a consistent pattern and reflects sellers adjusting to where buyers are today rather than pushing beyond it.

Price per square foot is holding around $335, and median rent is approximately $2,195, which continues to factor into long-term decisions for both homeowners and investors.

What this suggests

We're still in a steady phase.

Prices have plateaued, inventory is gradually increasing, and buyers are taking a more deliberate approach. This isn't a dramatic shift, just a continuation of a more balanced market compared to the last few years.

As long as the Market Action Index holds in the mid-30s, this kind of environment is likely to continue. A consistent move up or down from here would be the signal that something is changing.

For homeowners thinking ahead

If selling is somewhere on your horizon, this is a good time to start thinking strategically.

Not about timing the market perfectly, but about understanding how homes like yours are performing right now. Which ones are moving quickly, which ones are adjusting, and what separates the two.

Preparation and positioning are becoming more important than timing. Condition, pricing, and how a home is introduced to the market are what tend to make the difference in a steady environment like this.

If you're considering selling this year or next and want to map out a plan, I'm always happy to sit down and look at your specific neighborhood and price range.

No pressure, just a conversation about what would make the most sense for you.

Prefer a video explanation?

I also walk through these updates in short 5 to 8 minute videos on my YouTube channel, where I explain what I'm watching week to week and how the numbers connect.

If that format is helpful, you're welcome to follow along.