Redmond, WA October 2025 Housing Market
September 2025 was a Seller's market! The number of for sale listings was up 91.2% from one year earlier and down 0.8% from the previous month. The number of sold listings increased 17.3% year over year and decreased 3.2% month over month. The number of under contract listings was up 3.6% compared to previous month and down 30.1% compared to previous year. The Months of Inventory based on Closed Sales was 2.1, up 61.2% from the previous year.
The Average Sold Price per Square Footage was down 0.6% compared to previous month and down 2% compared to last year. The Median Sold Price increased by 2% from last month. The Average Sold Price also decreased by 2.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a upward trend, an increase of 163.6% compared to previous year. The ratio of Sold Price vs. Original List Price was 96%, a decrease of 4% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
September property sales were 61, up 17.3% from 52 in September of 2024 and 3.2% lower than the 63 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 62 units of 91.2%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was down 0.8% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 3.6% in the pended properties in September, with 58 properties versus 56 last month. This month's pended property sales were 30.1% lower than at this time last year.
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Depreciating*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The September 2025 Average Sold Price per Square Footage of $637 was down 0.6% from $641 last month and down 2% from $650 in September of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Upward Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for September 2025 was 29, up 38.1% from 21 days last month and up 163.6% from 11 days in September of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 96% was down 1% % from last month and down from 4% % in September of last year.
* Based on 6 month trend –Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Neutral*
The Average For Sale Price in September was $1,999,000, down 4.9% from $2,101,000 in September of 2024 and up 3.6% from $1,930,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in September was $1,613,000, down 6% from $1,716,000 in September of 2024 and down 2.2% from $1,649,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in September was $1,540,000, down 1.5% from $1,564,000 in September of 2024 and up 2% from $1,510,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The September 2025 Months of Inventory based on Closed Sales of 2.1 was increased by 61.2% compared to last year and the same compared to last month. September 2025 was Seller's market.
Months of Inventory based on Pended Sales
The September 2025 Months of Inventory based on Pended Sales of 2.2 was increased by 170.9% compared to last year and down 4.3% compared to last month. September 2025 was Seller's market.
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The September 2025 Absorption Rate based on Closed Sales of 46.9 was decreased by 38.7% compared to last year and down 2.5% compared to last month.
Absorption Rate based on Pended Sales
The September 2025 Absorption Rate based on Pended Sales of 44.6 was decreased by 63.5% compared to last year and up 4.4% compared to last month.
All reports are published October 2025, based on data available at the end of September 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
You agree to receive property info, updates, and other resources via email, phone and/or text message. Your wireless carrier may impose charges for messages received. You may withdraw consent anytime. We take your privacy seriously.
