Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

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.

Redmond, WA

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

Never miss important changes in the Redmond market.
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

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.

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