The 54-year-old was particularly pleased by the young midfielder's display after he netted the Canaries' winner against Southampton, while also praising his side's defence
Redmond netted his first goal for the club with a long-range strike and the England Under-21 international was at the heart of his side's best play.
It was a first league win of the season for Norwich and Hughton was particularly pleased with the performance of Redmond, a close-season signing from Birmingham City.
"We're really delighted to have brought him in," Hughton told reporters.
"At this moment he does [look like a real bargain] but we all know that values are about timing and it's very early in the season and what we need to do is make sure to manage him as well as we can.
"We've all been around long enough to know that young players have highs and lows. Fortunately for him, he's a level-headed young man."
Hughton was also buoyed by Norwich's defensive play against a team he believes have one of the Premier League's most potent attacking line-ups.
"I am [proud to have kept a clean sheet]," he added. "I think to get a clean sheet against this [team] is a good achievement, they'll be a threat to most teams this season."
Hughton's opposite number Mauricio Pochettino believed his side were denied a blatant penalty but Hughton felt the hosts should have been awarded one.
"I certainly did think that in the last minute the challenge on Robert Snodgrass was a penalty," he said. "I'm not sure about Howard [Webb's] line on it.
"Sometimes the referees get themselves in a position where it's not so clear but I certainly thought that was a penalty."