Your Local Market Report
Redmond, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Redmond, WA
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
The market has started cooling and prices have recently plateaued. Since 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
| Median List Price | $1,099,500 | |
| Per Square Foot | $415 | |
| Days on Market | 64 | |
| Price Decreased | 41% | |
| Price Increased | 5% | |
| Relisted | 10% | |
| Inventory | 144 | |
| Median House Rent | $2,000 | |
| Most Expensive | $5,750,000 | |
| Least Expensive | $319,000 | |
| Market Action Index Strong Seller's Market | 53 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,882,750 | 4,528 | 0.5 - 1 acre | 4 | 4 | 15 | 3 | 1 | 75 |
| $1,352,475 | 3,412 | 0.25 - 0.5 acre | 4 | 3 | 18 | 2 | 5 | 57 |
| $950,000 | 2,395 | 8,000 - 10,000 sqft | 3 | 2 | 34 | 8 | 9 | 58 |
| $699,950 | 1,611 | 8,000 - 10,000 sqft | 3 | 1 | 38 | 3 | 7 | 67 |