Redmond Market Update
March 31, 2026
My tulips are blooming and I am just so in love with them. Spring has arrived!
Here's what I've been noticing in the Redmond market lately.
The median list price is now $610,000, which is a slight increase from last week and continues the pattern we've been seeing where prices are moving within a fairly tight range rather than trending strongly up or down.
The Market Action Index remains at 34, unchanged from last month. That keeps us in a slight seller's advantage, but without upward pressure. The consistency here tells us the market isn't accelerating, it's holding steady.
Inventory has increased again to 177 homes, which is the highest we've seen in several weeks. This continued increase gives buyers more options and tends to slow the pace of decision making.
Homes are still selling, but selectively. The median days on market is 49, with the average around 90 days. Well-prepared and well-priced homes are moving, while others are taking more time.
About 34 percent of listings have reduced price, while only 1 percent have increased. That pattern continues to show sellers adjusting to current buyer behavior rather than pushing beyond it.
Price per square foot is holding around $336, and median rent is approximately $2,098, which continues to factor into longer-term decisions for homeowners and investors.
What this suggests
We're still in a steady phase.
Prices are holding within a narrow range, inventory is gradually increasing, and the Market Action Index is stable. This combination typically points to a balanced environment where neither side is in a hurry.
If we start to see a consistent shift in the Market Action Index, either up or down, that will likely be the first signal of a change in direction. For now, the market is moving, just not quickly.
For homeowners thinking ahead
If selling is somewhere on your horizon, this is a good time to start thinking about strategy.
Not timing the market perfectly, but understanding how homes like yours are performing right now. Which ones are moving quickly, which ones are adjusting, and what separates the two.
In a steady market like this, preparation and positioning tend to matter more than timing. Condition, pricing, and how a home is introduced all play a role.
If you're thinking about selling this year or next and want to talk through a plan, I'm always happy to sit down and look at your specific neighborhood and price range with you. Schedule Here.
No pressure, just a conversation so you can move forward with clarity when the time is right.
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 here:
