Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Tue Mar 26 2019
This week the median list price for Redmond, WA is $1,285,000 with the market action index hovering around 43. This is an increase over last month's market action index of 38. Inventory has held steady at or around 109. 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

Slight Seller's Advantage

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 Mar 26 2019
This week the median list price for Redmond, WA is $1,285,000 with the market action index hovering around 43. This is an increase over last month's market action index of 38. Inventory has held steady at or around 109. 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

Slight Seller's Advantage

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 $1,285,000
Per Square Foot $416
Days on Market 62
Price Decreased 28%
Price Increased 4%
Relisted 14%
Inventory 109
Median House Rent $2,300
Most Expensive $5,250,000
Least Expensive $329,000
Market Action Index
Slight Seller's Advantage
43

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
$1,759,000 4,320 8,000 - 10,000 sqft 4 4 3 4 2 64
$1,405,900 3,299 4,500 - 6,500 sqft 4 3 1 7 2 76
$1,100,000 2,695 8,000 - 10,000 sqft 4 2 14 6 12 50
$775,300 1,841 4,500 - 6,500 sqft 3 2 29 12 14 58