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Redmond

Why you'd want to live in Redmond

Before its auspicious ranking in Money Magazine, Redmond was perhaps best known nationally as being the home of one of the world’s most famous companies, Microsoft. The company moved its headquarters to the 54,000-resident town in 1986, joining Nintendo of America, Concur Technologies, and Solstice. Because of these companies and their financial impact on the region, Redmond has been infused with the funds necessary for growth, an impressively educated resident population, and cultural diversity. With its incredible growth and capital, Redmond could have become just another affluent Eastside bedroom community of Seattle. But local business and city leaders fostered the growing metropolis into a hub of not only lucrative business, but also great living. They created an ideal city where the best of urban and suburban amenities exist, side-by-side. A drive through Redmond showcases this diversity, from upscale outdoor shopping complexes, to trendy wine bars and gourmet restaurants, to an abundance of playgrounds and parks. Living spaces and amenities are blended seamlessly, with colorful condominiums alongside of premier retail establishments and luxury homes next door to quirky neighborhood favorites. Everything is just a short drive away, connected by commuter-friendly roads and outstanding public transportation. Everything is also just a bike ride away, for those who choose. Bike lanes and trails connect many parts of the city and weave in and out of neighborhood parks. There’s a reason why bikes are abundant in Redmond. The city is the bicycle capital of the Northwest. Even before the city was home to major corporations, its streets belonged to bicycles. This was true as far back as 1939, when residents created a bike race around Lake Sammamish that was dubbed the Redmond Bicycle Derby. Over time, the event has morphed into Redmond Derby Days and an annual bike race on city streets. via https://www.rsir.com/community/redmond/

Redmond Market Report

$1,670,702

AVERAGE PRICE OF 153 HOMES

$870,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$2,383,456

AVERAGE PRICE OF 87 MULTI-MILLION DOLLAR HOMES

$1,370,853

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$4,995,000

AVERAGE PRICE OF 3 HOMES WITH A POOL

$1,638,333

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $1,670,702
Avg Bedrooms 2.61 beds
Avg Bathrooms 2.69 baths

Average Price by Bedrooms

1 bedroom $378,522
2 bedrooms $1,029,947
3 bedrooms $1,199,649
4 bedrooms $1,739,702
5 bedrooms $3,806,117
Redmond Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 133 140 170 210 207
Average Price $1,733,875 $1,726,618 $1,721,282 $1,679,269 $1,684,314
Avg Price Change +0.42% +0.31% +2.50% -0.30% -0.55%
Median Price $1,074,994 $1,138,799 $1,181,225 $1,174,527 $1,149,721
Med Price Change -5.94% -3.73% +0.57% +2.16% -3.01%
Avg Bedrooms 2.59 beds 2.61 beds 2.81 beds 2.88 beds 2.93 beds
Avg Bathrooms 2.65 baths 2.59 baths 2.66 baths 2.75 baths 2.76 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Eastlake High 46 $1,302,731 125 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 153 $1,670,702 82 days
Distressed Homes 1 $870,000 7 days
Multi-Million Dollar Homes 87 $2,383,456 83 days
Newly Built Homes 62 $1,370,853 106 days
Homes with a Pool 3 $4,995,000 13 days
Reduced Price Homes 3 $1,638,333 47 days

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Realogics Sotheby's International Realty
Sarah Scott
10237 Main St
Bellevue, WA 98004
206-747-6142

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