Your Local Market Report
Redmond, WA
Single-Family Homes
SeattlebyDesign Team, Realogics Sotheby's I.R.
Redmond, WA
Fri Sep 20 2019
This week the median list price for Redmond, WA is $1,125,000 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has held steady at or around 137.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
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 | $1,125,000 | |
| Per Square Foot | $389 | |
| Days on Market | 73 | |
| Price Decreased | 41% | |
| Price Increased | 4% | |
| Relisted | 19% | |
| Inventory | 137 | |
| Median House Rent | $2,598 | |
| Most Expensive | $5,940,000 | |
| Least Expensive | $300,000 | |
| Market Action Index Strong Seller's Market | 49 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,789,920 | 4,383 | 0.5 - 1 acre | 4 | 3 | 16 | 4 | 4 | 70 |
| $1,347,415 | 3,345 | 8,000 - 10,000 sqft | 4 | 2 | 15 | 6 | 1 | 86 |
| $922,500 | 2,499 | 0.25 - 0.5 acre | 4 | 2 | 29 | 8 | 8 | 67 |
| $699,000 | 1,710 | 8,000 - 10,000 sqft | 3 | 2 | 28 | 9 | 2 | 70 |