Your Local Market Report
Redmond, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Redmond, WA
Mon Nov 19 2018
This week the median list price for Redmond, WA is $1,149,950 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 128.
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
| Median List Price | $1,149,950 | |
| Per Square Foot | $411 | |
| Days on Market | 60 | |
| Price Decreased | 41% | |
| Price Increased | 2% | |
| Relisted | 13% | |
| Inventory | 128 | |
| Median House Rent | $2,348 | |
| Most Expensive | $5,950,000 | |
| Least Expensive | $449,950 | |
|
Market Action Index
Slight Seller's Advantage |
44 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,794,497 | 4,071 | 8,000 - 10,000 sqft | 5 | 4 | 1 | 3 | 4 | 87 |
| $1,309,950 | 3,296 | 4,500 - 6,500 sqft | 4 | 3 | 0 | 3 | 1 | 60 |
| $945,000 | 2,588 | 0.25 - 0.5 acre | 4 | 2 | 36 | 3 | 7 | 41 |
| $699,475 | 1,640 | 8,000 - 10,000 sqft | 3 | 2 | 33 | 3 | 5 | 52 |