Your Local Market Report for Redmond, WA

Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.

Sun Apr 05 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 66. This is an increase over last month's market action index of 64. Inventory has held steady at or around 67. Click here to stay informed with the Redmond market!

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		$1,250,000
Per Square Foot		$454
Days on Market		55
Price Decreased		18%
Price Increased		7%
Relisted		4%
Inventory		67
Median Rent		$2,700
Most Expensive		$5,980,000
Least Expensive		$300,000
Market Action		66
Strong Seller's Market

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
$2,074,950	4,126	1 - 2.5 acres	5	4	7	1	2	89
$1,499,000	3,376	8,000 - 10,000 sqft	4	3	12	4	4	45
$1,110,000	2,436	8,000 - 10,000 sqft	4	2	13	3	4	39
$779,000	1,835	0.25 - 0.5 acre	3	2	35	4	7	46

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$2,074,950	4,126	1 - 2.5 acres	5	4	7	1	2	89
$1,499,000	3,376	8,000 - 10,000 sqft	4	3	12	4	4	45
$1,110,000	2,436	8,000 - 10,000 sqft	4	2	13	3	4	39
$779,000	1,835	0.25 - 0.5 acre	3	2	35	4	7	46

Median Price	Top $2,074,950	Upper $1,499,000	Lower $1,110,000	Bottom $779,000
Sq. Ft.	4,126	3,376	2,436	1,835
Lot Size	1 - 2.5 acres	8,000 - 10,000 sqft	8,000 - 10,000 sqft	0.25 - 0.5 acre
Beds	5	4	4	3
Baths	4	3	2	2
Age	7	12	13	35
New	1	4	3	4
Absorbed	2	4	4	7
DOM	89	45	39	46