$650,000
11.89 Acres
Land
Julie Scozzafave, Listing Office: Windermere Real Estate/East
Is Southeast Redmond, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Southeast Redmond was a Buyer's Market.
Key Takeaway
Southeast Redmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Redmond, WA
How much do homes in Southeast Redmond, WA cost?
Median Sold Price
$947,780
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$11,780(+1.3%)
Key Takeaway
Homes in Southeast Redmond have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Southeast Redmond was $947,780 in September 2024, up 1.3% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $725K | $922.2K | +27.2% |
| 3 Bedrooms | $1.0M | $1.1M | +15.5% |
| 4 Bedrooms | $1.2M | $2.1M | +78.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Southeast Redmond housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 78.5%, and 5+ bedroom homes did not change.
Housing Supply in Southeast Redmond, WA
How many homes are available in Southeast Redmond, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Summary: The Southeast Redmond real estate market had 23 homes for sale in September 2024, a 11.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 13 | -27.8% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southeast Redmond housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.8%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Redmond, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Southeast Redmond in September 2024, the same as the previous month. Of the 8 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Southeast Redmond, WA
How long does it take to sell a home in Southeast Redmond, WA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 1 Days | 12 Days | +607.1% |
Summary: Homes in Southeast Redmond had an average of 12 days on market in Sep 2024, up by 607.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Redmond are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Southeast Redmond; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.