Southeast Redmond Housing Market Report February 2025•King County, Washington

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Housing Prices in Southeast Redmond, WA

How much do homes in Southeast Redmond, WA cost?

Housing Market Conditions

Is Southeast Redmond, WA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Southeast Redmond is a Seller's Market

Difference Since January 2025

Last month, Southeast Redmond has remained a Seller's Market.

Insight

Southeast Redmond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,213,277$755/SqFt
+$221,890
+22.4%

Based on all homes sold in February 2025

Insight

Homes in Southeast Redmond have sold for 22.4% more than they did a month ago.

Summary: The median home sold price in Southeast Redmond was $1,213,277 in February 2025, up 22.4% from last month, and the median price per square foot was $755.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2$991.3K$1.0M
+5.4%
3-$1.3M
N/A
4-$2.0M
N/A
5--
N/A

Summary: Southeast Redmond housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.4%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Southeast Redmond, WA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Southeast Redmond, WA

Housing supply in Southeast Redmond, WA

How many homes are available in Southeast Redmond, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
20Last MonthFeb 2025
312 months agoJan 2025
-35.5 %
Change MoMJan – Feb

Summary: The Southeast Redmond real estate market had 20 homes for sale in Feb 2025, a 35.5 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthFeb 2025
112 months agoJan 2025
-45.5 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
22513
-48.0%
356
+20.0%
411
0.0%
500
0.0%

Summary: Southeast Redmond housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -48.0%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Southeast Redmond, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price3 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Southeast Redmond, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Southeast Redmond in February 2025, down by 45.5% month-over-month. Of the 6 sold homes, 17% were sold under asking, 50% were sold at asking, and and 33% were sold over asking.

Days on Market for Southeast Redmond, WA

How long does it take to sell a home in Southeast Redmond, WA?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in Southeast Redmond has remained consistent over time.

Summary: During February 2025, 6 homes were sold in Southeast Redmond; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
47 DaysLast MonthFeb 2025
16 Days1 month agoJan 2025
+193.1 %
Change MoMJan – Feb

Summary: Homes in Southeast Redmond had an average listing age of 47 days in Feb 2025, up by 193.1% compared to the previous month.

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Newest Listings in Southeast Redmond, WA

What homes are available in Southeast Redmond, WA?

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Nearby markets aren't available for Southeast Redmond, WA

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MLS Disclaimers and Copyright

Based on information from Northwest Multiple Listing Service, for the period 01/01/2025 - 03/01/2025

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service 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 © 2025 Northwest MLS. All rights reserved.

DMCA Notice

Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 2:47:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.