Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Mon Jan 20 2020
This week the median list price for Redmond, WA is $1,499,890 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has held steady at or around 40. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Redmond, WA

Mon Jan 20 2020
This week the median list price for Redmond, WA is $1,499,890 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has held steady at or around 40. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,499,890
Per Square Foot $412
Days on Market 93
Price Decreased 20%
Price Increased 0%
Relisted 8%
Inventory 40
Median Rent $2,798
Most Expensive $5,940,000
Least Expensive $574,950
Market Action 53
Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

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
$2,524,475 5,190 1 - 2.5 acres 4 4 15 0 1 123
$1,699,500 4,337 6,500 - 8,000 sqft 4 4 1 1 2 84
$1,323,500 3,022 1 - 2.5 acres 4 2 26 2 1 91
$784,997 2,146 6,500 - 8,000 sqft 3 2 14 3 4 72