Market Intelligence · WA / Redmond

Redmond, WA 98053 Housing Market

In Redmond, WA 98053, the typical home value is $1,370,041 as of September 2026, down 3.6% over the past year. The median list price is $1,423,875, and homes spend a median 54 days on market.

Updated September 2026Median value$1370K

The median home value in Redmond, WA 98053 is $1.37M as of September 2026, down 3.6% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 98053 range

$1.26M to $1.48M

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

-3.6% over 12 months

Sep 2025$1.42M

Low $1.37MHigh $1.43M

Sep 2026$1.37M

The numbers

What is the 98053 housing market like?

As of September 2026

Typical home value

$1.37M

3.6%YoY

Median list price

$1.42M

4.4%MoM

Days on market

5.9%MoM

Homes for sale

100

5.7%MoM

Price cuts

21.0%

3.6%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

98053 housing market forecast 2027

-0.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98053 to fall 0.5% by September 2027.

Over the 12 months through September 2026, typical home values in 98053 fell 3.6%, per the Zillow Home Value Index.

Will home prices drop in 98053?

Zillow's forecast says they may: it expects typical home values in 98053 to fall 0.5% by September 2027, after a 3.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98053 home prices compare?

98053$1,370,041
Redmond$1,312,656
Washington$496,668
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Redmond: 2 ZIPs; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

September 2026 shows a cooler Redmond, WA 98053 market than sellers might expect from list prices alone. There are 100 homes for sale, with 30 new listings, so buyers have choices without a flood of supply. The typical home value is $1,370,041, down 3.6% over the past year, while the median list price sits at $1,423,875. A median 54 days on market and 21.0% of listings with a price cut point to longer decisions and some repositioning. Pricing needs to match recent buyer reality, not last year's memory.

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Down payment20% · $274,008

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Common questions

What people ask us.

How much is a home in 98053 worth?

The typical home value in Redmond, WA 98053 is $1,370,041 as of September 2026, down 3.6% over the past year.

Are homes selling quickly in 98053?

The median days on market is 54 as of September 2026, which suggests buyers are taking time to compare options.

How competitive is inventory in 98053?

There are 100 homes for sale and 30 new listings as of September 2026, while 21.0% of listings show a price cut.

Discover

Nearby ZIP markets.

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