Carrington Durr Group | Real Estate Market Report

Redmond, WA 98052

Single-Family Homes

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



Redmond, WA 98052

Thu Jun 20 2024
This week the median list price for Redmond, WA 98052 is $1,895,000 with the market action index hovering around 80. This is an increase over last month's market action index of 78. Inventory has increased to 32. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redmond, WA 98052

Thu Jun 20 2024
This week the median list price for Redmond, WA 98052 is $1,895,000 with the market action index hovering around 80. This is an increase over last month's market action index of 78. Inventory has increased to 32. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,895,000
Median Price of New Listings $1,430,000
Per Square Foot $671
Average Days on Market 24
Median Days on Market 14
Price Decreased 22%
Price Increased 0%
Relisted 3%
Inventory 32
Median Rent
Market Action 80
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$3,649,250 3,860 0.25 - 0.5 acre 4 3.5 26 1 1 28
$2,239,444 3,450 6,500 - 8,000 sqft 4 4 39 1 0 21
$1,662,500 2,640 8,000 - 10,000 sqft 4 3 43 4 7 3
$1,274,500 1,985 8,000 - 10,000 sqft 3 3 42 6 6 0