Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Fri Dec 06 2019
This week the median list price for Redmond, WA is $1,143,975 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 80. 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

Fri Dec 06 2019
This week the median list price for Redmond, WA is $1,143,975 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has held steady at or around 80. 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 $1,143,975
Per Square Foot $406
Days on Market 92
Price Decreased 38%
Price Increased 1%
Relisted 18%
Inventory 80
Median Rent $2,600
Most Expensive $5,940,000
Least Expensive $525,900
Market Action 48
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.

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
$1,999,000 5,395 1 - 2.5 acres 4 4 12 1 1 96
$1,449,995 3,554 0.5 - 1 acre 4 3 17 0 5 106
$972,495 2,396 6,500 - 8,000 sqft 3 2 19 2 8 58
$680,000 1,491 0.5 - 1 acre 3 1 30 3 3 105