Your Local Market Report
Redmond, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Redmond, WA
Sat Jan 16 2021
This week the median list price for Redmond, WA is $1,430,000 with the market action index hovering around 80. This is less than last month's market action index of 85. Inventory has held steady at or around 17.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $1,430,000 | |
| Per Square Foot | $476 | |
| Days on Market | 122 | |
| Price Decreased | 35% | |
| Price Increased | 0% | |
| Relisted | 12% | |
| Inventory | 17 | |
| Median Rent | $3,159 | |
| Most Expensive | $5,280,000 | |
| Least Expensive | $500,000 | |
| Market Action | 80 | |
| Strong Seller's Market | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $3,698,500 | 5,411 | 1 - 2.5 acres | 4 | 4 | 21 | 0 | 1 | 245 |
| $2,347,375 | 4,550 | 1 - 2.5 acres | 4 | 3 | 29 | 0 | 0 | 56 |
| $1,325,000 | 4,090 | 1 - 2.5 acres | 4 | 3 | 54 | 1 | 0 | 84 |
| $850,000 | 2,020 | 0.25 - 0.5 acre | 3 | 2 | 54 | 3 | 2 | 107 |