Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.


Redmond, WA

Thu Jan 17 2019
This week the median list price for Redmond, WA is $1,295,950 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 87. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redmond, WA

Thu Jan 17 2019
This week the median list price for Redmond, WA is $1,295,950 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 87. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,295,950
Per Square Foot $426
Days on Market 81
Price Decreased 38%
Price Increased 2%
Relisted 15%
Inventory 87
Median House Rent $2,150
Most Expensive $5,950,000
Least Expensive $489,950
Market Action Index
Slight Seller's Advantage 		38

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
$1,799,000 3,934 6,500 - 8,000 sqft 5 4 1 2 0 92
$1,382,950 3,290 4,500 - 6,500 sqft 4 3 1 2 4 84
$1,109,950 2,930 0.25 - 0.5 acre 4 3 34 0 2 72
$699,475 1,610 8,000 - 10,000 sqft 3 2 36 4 4 78