Redmond Market Update: A Seller's Edge Does Not Mean Every Listing Moves Quickly
October 2, 2026
I look at houses and condos separately when helping clients plan a move in Redmond. This week's Altos reports show a slight seller's advantage in both categories, but the listing times and pricing patterns are different.
For houses, Redmond's median asking price is $1,749,000. There are 179 listings in inventory, and the median time on market is 49 days. The Market Action Index is 33, unchanged from a month earlier. Altos describes that as a slight seller's advantage. Still, 36% of house listings have had price reductions, so realistic pricing and property-specific comparisons remain important.
For condos, the median asking price is $599,475, with 104 listings in inventory and a median of 74 days on market. The Market Action Index is 30, up from 29 a month earlier, and Altos also labels this a slight seller's advantage. Price reductions appear on 46% of condo listings. That does not erase the overall market classification, but it is a useful reminder that sellers cannot assume every property will move quickly at its original asking price.
For buyers, I would use this snapshot to guide a closer look at competing listings, pricing history, and comparable sales. A citywide index does not tell us what a particular seller will accept. For sellers, I would build the pricing strategy around your property's location, condition, features, and competition rather than the citywide median alone.
These are asking-price statistics, not closed-sale values. The share of listings with price reductions is not a percentage drop in Redmond home values, and median asking prices can change as the mix of available properties changes.
If you're considering buying or selling in Redmond, let's compare the neighborhood and property type that fit your goals. I'll help you turn the broader market picture into a plan for your move.
Sources: Altos reports dated October 2, 2026.
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