$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 Last Month
Since last month, Southeast Redmond has remained a Seller'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
$1,000,692
$682/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$17,103(+1.7%)
Key Takeaway
Homes in Southeast Redmond have sold for 1.7% more than they did a month ago.
Summary: The median home sold price in Southeast Redmond was $1,000,692 in October 2024, up 1.7% from last month, and the median price per square foot was $682.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $800K | $951.3K | +18.9% |
| 3 Bedrooms | $1.3M | $1.2M | -8.8% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Southeast Redmond housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes did not change, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 26 | -21.2% |
Summary: The Southeast Redmond real estate market had 26 homes for sale in October 2024, a 21.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 16 | -27.3% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southeast Redmond housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Redmond, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Southeast Redmond in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 18 Days | +48.8% |
Summary: Homes in Southeast Redmond had an average of 18 days on market in Oct 2024, up by 48.8% compared to last month.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 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 October 2024, 12 homes were sold in Southeast Redmond; 83% of homes were sold within 30 days, 17% 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.