Altos Market Data for Realtors

Redmond, WA

Single-Family Homes

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Redmond, WA

Tue Mar 02 2021
This week the median list price for Redmond, WA is $1,211,500 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has held steady at or around 22. 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

Tue Mar 02 2021
This week the median list price for Redmond, WA is $1,211,500 with the market action index hovering around 81. This is an increase over last month's market action index of 80. Inventory has held steady at or around 22. 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 $1,211,500
Per Square Foot $472
Days on Market 4
Price Decreased 18%
Price Increased 0%
Relisted 9%
Inventory 22
Median Rent $2,675
Most Expensive $3,500,000
Least Expensive $225,000
Market Action 81
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$2,550,000 4,652 1 - 2.5 acres 4 3 13 1 1 147
$1,550,000 3,460 8,000 - 10,000 sqft 4 3 13 3 4 0
$1,162,000 2,555 0.25 - 0.5 acre 3 2 35 3 2 3
$774,475 1,420 0.5 - 1 acre 3 1 44 4 3 0