The housing market in Redmond, WA (98052) is currently quite strong. With a median home value of $1,225,200, it is significantly higher than the national median home value of $338,100. The US housing market has seen an appreciation rate of 8.27% over the past year while Redmond saw a slightly lower rate of 7.43% for the same period. This indicates that Redmond’s housing market is still relatively healthy despite being slightly softer than the national market.
The median home cost in Redmond (zip 98052) is $1,225,200. Home appreciation the last 10 years has been 167.2%. Home Appreciation in Redmond (zip 98052) is up 14.8%.
Average Age of Homes
- The median age of Redmond (zip 98052) real estate is 29 years old
The Rental Market in Redmond (zip 98052)
- Renters make up 44.1% of the Redmond (zip 98052) population
- 2.0% of houses and apartments in Redmond (zip 98052), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.