Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Fri Apr 23 2021
This week the median list price for Redmond, WA is $1,395,000 with the market action index hovering around 97. This is an increase over last month's market action index of 87. Inventory has held steady at or around 27. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Redmond, WA

Fri Apr 23 2021
This week the median list price for Redmond, WA is $1,395,000 with the market action index hovering around 97. This is an increase over last month's market action index of 87. Inventory has held steady at or around 27. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,395,000
Per Square Foot $501
Days on Market 7
Price Decreased 15%
Price Increased 0%
Relisted 4%
Inventory 27
Median Rent $2,600
Most Expensive $4,280,000
Least Expensive $557,686
Market Action 97
Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

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
$2,886,500 4,181 1 - 2.5 acres 4 4 23 0 0 143
$1,599,000 3,360 0.5 - 1 acre 4 3 25 5 3 0
$1,275,000 2,390 0.25 - 0.5 acre 5 2 44 2 3 7
$849,995 1,550 0.25 - 0.5 acre 3 2 52 3 3 7