Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Tue May 21 2019
This week the median list price for Redmond, WA is $1,025,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 153. Click here to stay informed with the Redmond market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Redmond, WA

Tue May 21 2019
This week the median list price for Redmond, WA is $1,025,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 153. Click here to stay informed with the Redmond market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,025,000
Per Square Foot $426
Days on Market 49
Price Decreased 32%
Price Increased 3%
Relisted 3%
Inventory 153
Median House Rent $2,100
Most Expensive $4,750,000
Least Expensive $335,000
Market Action Index
Strong Seller's Market
51

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

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
$1,746,500 4,087 0.5 - 1 acre 4 3 13 3 2 70
$1,197,475 2,986 0.25 - 0.5 acre 4 2 17 13 7 42
$932,000 2,230 8,000 - 10,000 sqft 3 2 16 10 6 42
$689,000 1,380 8,000 - 10,000 sqft 2 2 24 9 5 44