Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Mon Nov 19 2018
This week the median list price for Redmond, WA is $1,149,950 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 128. Click here to stay informed with the Redmond market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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

Mon Nov 19 2018
This week the median list price for Redmond, WA is $1,149,950 with the market action index hovering around 44. This is less than last month's market action index of 46. Inventory has held steady at or around 128. Click here to stay informed with the Redmond market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $1,149,950
Per Square Foot $411
Days on Market 60
Price Decreased 41%
Price Increased 2%
Relisted 13%
Inventory 128
Median House Rent $2,348
Most Expensive $5,950,000
Least Expensive $449,950
Market Action Index
Slight Seller's Advantage
44

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
$1,794,497 4,071 8,000 - 10,000 sqft 5 4 1 3 4 87
$1,309,950 3,296 4,500 - 6,500 sqft 4 3 0 3 1 60
$945,000 2,588 0.25 - 0.5 acre 4 2 36 3 7 41
$699,475 1,640 8,000 - 10,000 sqft 3 2 33 3 5 52