Downtown Redmond
Where Condos Climb to New Construction
A walkable, transit-anchored neighborhood where Redmond Town Center, Downtown Redmond Station, and Microsoft's south campus sit minutes apart. Verified NWMLS sold data shows a market with almost no detached single-family inventory — instead, buyers move up a clear ladder from resale condos into new-construction attached townhomes.
Downtown Redmond Market Snapshot
Every figure below is calculated directly from raw NWMLS sold records, not estimated. Because this is a low-volume niche market, figures are presented descriptively — as verified results of actual sold homes — rather than as statistically predictive trends.
Downtown Redmond: Redmond's Walkable Urban Core
Downtown Redmond is built around Redmond Town Center — an open-air retail and dining hub anchored by a central plaza, restaurants, and daily errands, all reachable on foot. Unlike Redmond's more residential neighborhoods, this is the city's vertical, urban-village district, and its housing stock reflects that identity directly.
Downtown Redmond Station — the 2 Line's Eastside terminus — sits at the heart of the neighborhood, giving residents a direct rail connection through Bellevue and into the regional Puget Sound light rail network. Combined with the Redmond Central Connector trail and quick access to Microsoft's south campus, Downtown Redmond has become one of the Eastside's clearest examples of transit-oriented living.
That's also why the housing stock looks the way it does. Verified sold data shows almost no detached single-family homes here — instead, the neighborhood offers a genuine step-up ladder: resale condos in established buildings from the late 1970s through mid-2000s, and newer attached townhome product for buyers ready to move up without leaving the walkable core.
Downtown Redmond Schools
Downtown Redmond falls within the Lake Washington School District. Because condo and townhome buildings can straddle attendance boundaries, buyers and sellers should always confirm the exact assigned elementary, middle, and high school for a specific address before writing or accepting an offer — this matters more here than in single-family neighborhoods, since dense buildings sometimes sit right at a boundary line.
| District | Coverage | Notes |
|---|---|---|
| Lake Washington SD | All of Downtown Redmond | Feeds into Redmond-area elementary, middle, and high schools; exact assignment is address-specific |
A Two-Rung Ladder: Condos, Then Townhomes
Downtown Redmond's inventory is defined by ownership structure and vintage, not lot size. The base layer is resale condominiums — 55 verified sales across 2024–2025, spanning buildings from the late 1970s through the mid-2000s, priced from roughly $342,000 up to $1.39 million depending on size and age.
Above that sits new-construction attached townhome product, most visibly the 170th Ave NE "Homesite" development, which delivered 21 verified sales over the same two years at a median of $1.53 million. This is the step-up rung: larger floor plans, individually platted lots, and current-code construction, without leaving the walkable core.
Transit-First Living
Downtown Redmond's biggest advantage isn't a park — it's what's already within walking distance. The neighborhood is built directly around a light rail station, a regional trail, and Redmond Town Center's plaza and green space, making it one of the few truly car-optional pockets of the Eastside.
Why Downtown Redmond Rewards a Product-Type Strategy
Downtown Redmond is one of the clearest examples on the Eastside of a market where pricing strategy depends entirely on what you're actually selling. A resale condo and a new-construction townhome here aren't competing for the same buyer — verified data shows resale condo pricing has softened over the past year, while the townhome pipeline continues to absorb steadily at a median north of $1.5 million. Positioning a listing correctly against the right comparable set, rather than the neighborhood as a whole, is what separates an accurate valuation from a guess.
I've spent 25+ years and 500+ transactions across the Eastside, including 250+ new construction sales — starting as master sales representative for a 240-unit Kirkland community early in my career. That new-construction background is directly relevant here: Downtown Redmond's most active segment right now isn't resale, it's a builder's phased townhome release, and pricing a resale condo or an individual townhome resale against that backdrop takes builder-side experience most agents don't have.
Downtown Redmond FAQ
Are there single-family homes for sale in Downtown Redmond?
What's the difference between condos and townhomes here?
How close is Downtown Redmond to the light rail?
Is this currently a buyer's or seller's market for condos?
What schools serve Downtown Redmond?
Ready to Move on Downtown Redmond?
Whether you're buying your first condo, stepping up to new construction, or selling in this market, get a strategy grounded in verified data — not guesswork.