Sat Jan 16 2021
This week the median list price for Redmond, WA is $1,430,000 with the market action index hovering around 80. This is less than last month's market action index of 85. Inventory has held steady at or around 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,430,000|
|Per Square Foot||$476|
|Days on Market||122|
|Strong Seller's Market|
In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,698,500||5,411||1 - 2.5 acres||4||4||21||0||1||245|
|$2,347,375||4,550||1 - 2.5 acres||4||3||29||0||0||56|
|$1,325,000||4,090||1 - 2.5 acres||4||3||54||1||0||84|
|$850,000||2,020||0.25 - 0.5 acre||3||2||54||3||2||107|