Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

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. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Redmond, WA

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. 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 achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,430,000
Per Square Foot $476
Days on Market 122
Price Decreased 35%
Price Increased 0%
Relisted 12%
Inventory 17
Median Rent $3,159
Most Expensive $5,280,000
Least Expensive $500,000
Market Action 80
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.

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
$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