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. 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 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.

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. 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 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

Never miss important changes in the Redmond market.
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

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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