Home Values

98052 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$531,700

  • 7.6% 1-year change
  • 4.9% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in 98052 is $531,700. 98052 home values have gone up 7.6% over the past year and Zillow predicts they will rise 4.9% within the next year. The median list price per square foot in 98052 is $267, which is higher than the Redmond average of $265. The median price of homes currently listed in 98052 is $576,500 while the median price of homes that sold is $471,250. The median rent price in 98052 is $1,720, which is lower than the Redmond median of $1,735.

Foreclosures will be a factor impacting home values in the next several years. In 98052 3.0 homes are foreclosed (per 10,000). This is greater than the Redmond value of 2.4 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 98052 is 3.7%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 98052 homeowners underwater on their mortgage is 7.9%, which is higher than Redmond at 6.9%.

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Relative ZHVI
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98052 Market Overview

Data through Oct 31, 2014
  • $531,700 ZHVI
  • 4.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $576,500 Median listing price
  • $471,250 Median sale price
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98052 Market Health

Data through Oct 31, 2014
  • 9.8/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 7.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3 homes 98052
2.4 homes Redmond
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
98005 $651,000
98077 $647,100
98074 $633,600
Name Median ZHVI
98053 $616,900
98033 $602,300
98008 $532,900
Name Median ZHVI
98072 $521,100
98007 $446,800
98034 $409,900

Listings & Sales

Data through Oct 31, 2014
  • $267 Median list price / sq ft
  • $253 Median sale price / sq ft
  • 25.5% Listings with price cut
10.9%
Sold below listing
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98052 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,333 98052
    $2,394 Redmond
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,720 Rent list price
  • $1.75 Rent list price / sq ft
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