Your Local Market Report for Redmond, WA

Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.

Tue Jul 14 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 86. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Median List Price		$1,250,000
Per Square Foot		$445
Days on Market		76
Price Decreased		29%
Price Increased		2%
Relisted		5%
Inventory		86
Median Rent		$3,585
Most Expensive		$5,650,000
Least Expensive		$510,000
Market Action		54
Strong Seller's Market

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
$2,600,000	4,920	1 - 2.5 acres	4	3	15	1	2	120
$1,495,000	3,610	0.25 - 0.5 acre	4	3	21	4	6	56
$1,102,500	2,559	8,000 - 10,000 sqft	4	2	20	3	8	77
$722,500	1,590	6,500 - 8,000 sqft	2	1	18	3	4	50

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$2,600,000	4,920	1 - 2.5 acres	4	3	15	1	2	120
$1,495,000	3,610	0.25 - 0.5 acre	4	3	21	4	6	56
$1,102,500	2,559	8,000 - 10,000 sqft	4	2	20	3	8	77
$722,500	1,590	6,500 - 8,000 sqft	2	1	18	3	4	50

Median Price	Top $2,600,000	Upper $1,495,000	Lower $1,102,500	Bottom $722,500
Sq. Ft.	4,920	3,610	2,559	1,590
Lot Size	1 - 2.5 acres	0.25 - 0.5 acre	8,000 - 10,000 sqft	6,500 - 8,000 sqft
Beds	4	4	4	2
Baths	3	3	2	1
Age	15	21	20	18
New	1	4	3	3
Absorbed	2	6	8	4
DOM	120	56	77	50