Why Live in Redmond
Redmond's extensive network of 60+ miles of trails and cycling paths earned its nickname as the "Bicycle Capital of the Northwest." The 640-acre Marymoor Park stands as a recreational cornerstone, featuring everything from rock climbing walls to summer concerts and sports fields. The Sammamish River Trail connects residents to scenic waterfront paths perfect for walking or biking, while Idylwood Park provides a sandy beach retreat on Lake Sammamish. The walkable downtown area centers around Redmond Town Center, an open-air mall hosting community events and local favorites like Woodblock Restaurant and Pomegranate Bistro.
The real estate landscape in Redmond reflects its status as a tech industry hub. The median sale price for homes is $1,330,000, with significant variation across neighborhoods. Downtown Redmond has a median single family home price of $1,285,000, while Sammamish Valley commands $2,795,000. Condos present a more accessible entry point, with median prices of $388,000 for one bedroom units and $749,500 for two bedrooms. Townhomes fall in between at $850,000.
Property taxes in Redmond maintain a 0.84% effective rate, consistent with neighboring Bellevue, Kirkland, and Sammamish. Washington state applies a 7.0% tax exclusively to capital gains income. The combined sales tax rate is 9.43%, including state and local portions.
Education options include highly rated public schools like Tesla STEM High School and Redmond High School, both receiving A+ ratings. Private institutions such as The Overlake School and The Kineo School add to the educational landscape. Commuters benefit from King County Metro and Sound Transit buses, with Light Rail service arriving in 2024. Microsoft headquarters leads employment opportunities, alongside Nintendo of America, SpaceX, and Facebook/Meta offices.
Home Trends in Redmond, WA
On average, homes in Redmond, WA sell after 22 days on the market compared to the national average of 51 days. The median sale price for homes in Redmond, WA over the last 12 months is $1,329,995, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$1,329,995
Median Single Family Sale Price
$1,599,950
Median Townhouse Sale Price
$895,500
Median 2 Bedroom Sale Price
$754,000
Median 1 Bedroom Sale Price
$385,000
Average Price Per Sq Ft
$678
Number of Homes for Sale
230
Last 12 months Home Sales
1,032
Median List Price
$1,303,242
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%