Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

Thu Feb 20 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 59. This is an increase over last month's market action index of 54. Inventory has held steady at or around 47. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Redmond, WA

Thu Feb 20 2020
This week the median list price for Redmond, WA is $1,250,000 with the market action index hovering around 59. This is an increase over last month's market action index of 54. Inventory has held steady at or around 47. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,250,000
Per Square Foot $421
Days on Market 86
Price Decreased 23%
Price Increased 4%
Relisted 13%
Inventory 47
Median Rent $3,000
Most Expensive $5,940,000
Least Expensive $475,000
Market Action 59
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
$2,649,950 4,990 1 - 2.5 acres 5 4 13 2 1 120
$1,549,950 3,917 0.5 - 1 acre 4 3 21 3 3 89
$1,074,000 2,640 4,500 - 6,500 sqft 4 2 15 6 7 39
$719,750 1,674 8,000 - 10,000 sqft 2 2 25 3 3 95