Carrington Durr Group | Real Estate Market Report

Redmond, WA 98053

Single-Family Homes

John L Scott Real Estate | 206-948-3852 | wlc@johnlscott.com



Redmond, WA 98053

Thu Jun 20 2024
This week the median list price for Redmond, WA 98053 is $1,812,500 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has decreased to 16. Click here to stay informed with the Redmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Redmond, WA 98053

Thu Jun 20 2024
This week the median list price for Redmond, WA 98053 is $1,812,500 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has decreased to 16. Click here to stay informed with the Redmond market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,812,500
Median Price of New Listings $2,012,500
Per Square Foot $585
Average Days on Market 35
Median Days on Market 32
Price Decreased 31%
Price Increased 0%
Relisted 0%
Inventory 16
Median Rent
Market Action 81
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,350,000 5,068 2.5 - 5 acres 4 4.5 31 1 1 31
$1,975,000 3,796 0.5 - 1 acre 4 3.5 29 2 1 3
$1,797,000 3,300 1 - 2.5 acres 3 3 34 0 1 66
$1,325,000 2,589 0.25 - 0.5 acre 3 2.5 49 1 4 28