Your Local Market Report

Redmond, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Redmond, WA

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. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Redmond, WA

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. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Redmond market.
Median List Price $1,249,950
Per Square Foot $433
Days on Market 54
Price Decreased 21%
Price Increased 1%
Relisted 1%
Inventory 97
Median Rent $3,585
Most Expensive $5,680,000
Least Expensive $300,000
Market Action 55
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
$2,424,470 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