Team Luxe Real Estate | Market Insights
Redmond, WA
Single-Family Homes
206-672-5724 | https://teamluxere.com/
Redmond, WA
Sat Apr 19 2025
This week the median list price for Redmond, WA is $1,969,000 with the market action index hovering around 74. This is an increase over last month's market action index of 70. Inventory has increased to 56.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $1,969,000 | |
| Median Price of New Listings | $1,825,000 | |
| Per Square Foot | $674 | |
| Average Days on Market | 22 | |
| Median Days on Market | 14 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 56 | |
| Median Rent | ||
| Market Action | 74 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,497,275 | 4,761 | 0.25 - 0.5 acre | 5 | 5 | 18 | 3 | 2 | 7 |
| $2,197,500 | 3,365 | 0.25 - 0.5 acre | 4 | 3 | 29 | 3 | 1 | 14 |
| $1,772,497 | 2,737 | 0.25 - 0.5 acre | 3 | 3 | 37 | 6 | 6 | 10 |
| $1,323,500 | 2,208 | 0.25 - 0.5 acre | 3 | 2.5 | 49 | 5 | 3 | 10 |