Your Local Market Report for Redmond, WA

Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.

Mon Jan 20 2020
This week the median list price for Redmond, WA is $1,499,890 with the market action index hovering around 53. This is less than last month's market action index of 55. Inventory has held steady at or around 40. 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

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Median List Price		$1,499,890
Per Square Foot		$412
Days on Market		93
Price Decreased		20%
Price Increased		0%
Relisted		8%
Inventory		40
Median Rent		$2,798
Most Expensive		$5,940,000
Least Expensive		$574,950
Market Action		53
Strong Seller's Market

Average Days on Market (DOM)

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
$2,524,475	5,190	1 - 2.5 acres	4	4	15	0	1	123
$1,699,500	4,337	6,500 - 8,000 sqft	4	4	1	1	2	84
$1,323,500	3,022	1 - 2.5 acres	4	2	26	2	1	91
$784,997	2,146	6,500 - 8,000 sqft	3	2	14	3	4	72

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$2,524,475	5,190	1 - 2.5 acres	4	4	15	0	1	123
$1,699,500	4,337	6,500 - 8,000 sqft	4	4	1	1	2	84
$1,323,500	3,022	1 - 2.5 acres	4	2	26	2	1	91
$784,997	2,146	6,500 - 8,000 sqft	3	2	14	3	4	72

Median Price	Top $2,524,475	Upper $1,699,500	Lower $1,323,500	Bottom $784,997
Sq. Ft.	5,190	4,337	3,022	2,146
Lot Size	1 - 2.5 acres	6,500 - 8,000 sqft	1 - 2.5 acres	6,500 - 8,000 sqft
Beds	4	4	4	3
Baths	4	4	2	2
Age	15	1	26	14
New	0	1	2	3
Absorbed	1	2	1	4
DOM	123	84	91	72