Is Redondo / Fed Way, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Redondo / Fed Way was a Neutral Market.
Key Takeaway
Redondo / Fed Way is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Redondo / Fed Way, WA
How much do homes in Redondo / Fed Way, WA cost?
Median Sold Price
$307,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Redondo / Fed Way have sold for 42.5% less than they did a year ago.
Summary: The median home sold price in Redondo / Fed Way was $307,000 in April 2024, down 42.5% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $251K | $249.9K | -0.4% |
| 2 Bedrooms | $307.5K | $299.9K | -2.5% |
| 3 Bedrooms | $579.9K | $615.5K | +6.1% |
| 4 Bedrooms | $655.7K | $708K | +8.0% |
| 5+ Bedrooms | $750K | - | N/A |
Summary: Redondo / Fed Way housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.
Housing Supply in Redondo / Fed Way, WA
How many homes are available in Redondo / Fed Way, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Summary: The Redondo / Fed Way real estate market had 11 homes for sale in April 2024, a 22.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Redondo / Fed Way housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Redondo / Fed Way, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Redondo / Fed Way in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Redondo / Fed Way, WA
How long does it take to sell a home in Redondo / Fed Way, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 5 Days | 7 Days | +45.0% |
Summary: Homes in Redondo / Fed Way had an average of 7 days on market in Apr 2024, up by 45% compared to last year.
Breakdown of Home Sale Times
4 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 Redondo / Fed Way are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Redondo / Fed Way; 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.