Market Intelligence · WA / Redmond

Redmond, WA 98053 Housing Market

The typical home in Redmond's 98053 ZIP is worth $1,440,922, down 3.8% over the past year. The median list price sits at $1,549,250, and homes are taking a median of 34 days on market.

Updated June 2026Median value$1441K

The median home value in Redmond, WA 98053 is $1.44M as of June 2026, down 3.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 98053 range

$1.33M to $1.56M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.8% over 12 months

Typical home value in 98053 over the last 12 months: $1.5M in Jun 2025 to $1.44M in Jun 2026 (-3.8%).

Jun 2025$1.5M

Jun 2026$1.44M

The numbers

What is the 98053 housing market like?

Typical home value

$1.44M

Down3.8%YoY

Median list price

$1.55M

Days on market

34

Up151.9%MoM

Homes for sale

98

Price cuts

23.1%

New listings

42

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 98053 home prices compare?

  • 98053$1,440,922
  • Redmond$1,383,134
  • Washington$508,607
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Redmond: 2 ZIPs; Washington: 485 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 98 homes for sale in 98053, with 42 new listings added recently. The median list price is $1,549,250, while the typical home value is $1,440,922, down 3.8% over the past year. Homes take a median of 34 days on market, and 23.1% of listings have had a price cut. For sellers, the market has softened, so pricing carefully and expecting some negotiation is a reasonable approach.

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20% · $288,184

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