Tue May 26 2020
This week the median list price for Redmond, WA is $1,249,950 with the market action index hovering around 55. This is less than last month's market action index of 65. Inventory has held steady at or around 97.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,249,950|
|Per Square Foot||$433|
|Days on Market||54|
|Strong Seller's Market|
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,424,470||4,666||1 - 2.5 acres||4||3||16||7||2||80|
|$1,396,500||3,420||0.25 - 0.5 acre||4||3||16||2||3||52|
|$1,110,000||2,770||0.25 - 0.5 acre||4||2||22||3||1||46|
|$730,000||1,667||6,500 - 8,000 sqft||3||1||34||10||6||36|