Redmond Market Update
March 17, 2026
Happy St. Patrick's Day.
Here's what I've been noticing in the Redmond market lately.
The median list price is sitting at $607,500, which is a slight increase from last week but still within the same general range we've been seeing for several weeks. Prices continue to feel stable rather than trending strongly in either direction.
The Market Action Index remains at 34, down from 35 last month. We're still in a slight seller's advantage, but the continued softening tells us the pace of the market is easing, not accelerating.
Inventory has increased again to 158 homes, continuing the gradual rise we've been watching. Buyers have more options now than they did earlier this winter, which naturally slows decision making and increases comparison between homes.
Homes are taking a bit of time to sell. The median days on market is 49, with the average just under 100 days. That tells us well-positioned homes are still moving, but not instantly.
About 35 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.
Price per square foot is holding around $336, and median rent is about $2,300, which continues to shape longer term decisions for homeowners and investors.
What this suggests
We're still in a steady phase.
Prices have leveled, inventory is gradually increasing, and buyers are taking a more measured approach. This is not a sharp shift, just a continuation of the same pattern we've been seeing over the past several weeks.
As long as the Market Action Index stays in the mid-30s, we'll likely continue to see this kind of balanced movement. A meaningful shift up or down in that number is what would signal a change in direction.
For homeowners thinking 6 to 24 months ahead
If selling is somewhere on your horizon, this is a good time to stay observant.
Pay attention to your neighborhood specifically. Watch how homes similar to yours are priced, how long they take to sell, and whether they need to adjust along the way.
If you're considering preparing your home for a future sale, focus on maintenance, condition, and clean presentation. In markets like this, buyers tend to respond best to homes that feel well cared for and appropriately positioned.
There's no urgency here, just awareness.
If you'd ever like to look at your specific neighborhood trends or get a sense of where your home would fit in today's market, I'm always happy to run those numbers with 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.
If that format is helpful, you're welcome to follow along here:
