Redmond WA Housing Market Trends 2026
Redmond, WA January 2026 Housing Market
December 2025 was a Seller's market! The number of for sale listings was up 116.7% from one year earlier and down 45.1% from the previous month. The number of sold listings increased 61.8% year over year and increased 25% month over month. The number of under contract listings was down 51.3% compared to previous month and up 18.8% compared to previous year. The Months of Inventory based on Closed Sales was 0.7, up 37.8% from the previous year.
The Average Sold Price per Square Footage was up 3% compared to previous month and down 5% compared to last year. The Median Sold Price was the same as last month. The Average Sold Price also increased by 9.7% from last month. Based on the 6 month trend, the Average Sold Price trend was "Appreciating" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a upward trend, an increase of 83.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 95%, a decrease of 2.1% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
December property sales were 55, up 61.8% from 34 in December of 2024 and 25% higher than the 44 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 21 units of 116.7%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was down 45.1% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 51.3% in the pended properties in December, with 19 properties versus 39 last month. This month's pended property sales were 18.8% higher than at this time last year.
All reports are published January 2026, based on data available at the end of December 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The December 2025 Average Sold Price per Square Footage of $642 was up 3% from $623 last month and down 5% from $676 in December of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for December 2025 was 44, up 69.2% from 26 days last month and up 83.3% from 24 days in December of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 95% was down 1% % from last month and down from 2.1% % in December of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published January 2026, based on data available at the end of December 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Neutral*
The Average For Sale Price in December was $2,217,000, down 12.8% from $2,542,000 in December of 2024 and down 1.1% from $2,242,000 last month.
The Average Sold Price was Appreciating*
The Average Sold Price in December was $1,806,000, down 1.4% from $1,832,000 in December of 2024 and up 9.7% from $1,647,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in December was $1,600,000, up 4.9% from $1,525,000 in December of 2024 and the same as last month.
* Based on 6 month trend - Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s Market: More than 6 months of inventory
Seller’s Market: Less than 3 months of inventory
Neutral Market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The December 2025 Months of Inventory based on Closed Sales of 0.7 was increased by 37.8% compared to last year and down 55.8% compared to last month. December 2025 was Seller's market.
Months of Inventory based on Pended Sales
The December 2025 Months of Inventory based on Pended Sales of 2.1 was increased by 88.9% compared to last year and up 16.5% compared to last month. December 2025 was Seller's market.
All reports are published January 2026, based on data available at the end of December 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The December 2025 Absorption Rate based on Closed Sales of 141 was decreased by 25.4% compared to last year and up 127.5% compared to last month.
Absorption Rate based on Pended Sales
The December 2025 Absorption Rate based on Pended Sales of 48.7 was decreased by 45.2% compared to last year and down 11.3% compared to last month.
All reports are published January 2026, based on data available at the end of December 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
