Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Tue Jul 14 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 86. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Redmond, WA

Tue Jul 14 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 54. This is an increase over last month's market action index of 52. Inventory has held steady at or around 86. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,250,000
Per Square Foot $445
Days on Market 76
Price Decreased 29%
Price Increased 2%
Relisted 5%
Inventory 86
Median Rent $3,585
Most Expensive $5,650,000
Least Expensive $510,000
Market Action 54
Strong Seller's Market

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
$2,600,000 4,920 1 - 2.5 acres 4 3 15 1 2 120
$1,495,000 3,610 0.25 - 0.5 acre 4 3 21 4 6 56
$1,102,500 2,559 8,000 - 10,000 sqft 4 2 20 3 8 77
$722,500 1,590 6,500 - 8,000 sqft 2 1 18 3 4 50