Your Local Market Report
Redmond, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Redmond, WA
Fri Apr 23 2021
This week the median list price for Redmond, WA is $1,395,000 with the market action index hovering around 97. This is an increase over last month's market action index of 87. Inventory has held steady at or around 27.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $1,395,000 | |
| Per Square Foot | $501 | |
| Days on Market | 7 | |
| Price Decreased | 15% | |
| Price Increased | 0% | |
| Relisted | 4% | |
| Inventory | 27 | |
| Median Rent | $2,600 | |
| Most Expensive | $4,280,000 | |
| Least Expensive | $557,686 | |
| Market Action | 97 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $2,886,500 | 4,181 | 1 - 2.5 acres | 4 | 4 | 23 | 0 | 0 | 143 |
| $1,599,000 | 3,360 | 0.5 - 1 acre | 4 | 3 | 25 | 5 | 3 | 0 |
| $1,275,000 | 2,390 | 0.25 - 0.5 acre | 5 | 2 | 44 | 2 | 3 | 7 |
| $849,995 | 1,550 | 0.25 - 0.5 acre | 3 | 2 | 52 | 3 | 3 | 7 |