bellevue RESIDENTIAL - JANUARY 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 15% VS 2023
▲ 16% VS 2023
▲ 9% VS 2023
▼ 33% VS 2023
There were 60 residential listings in Bellevue in January, 8% below December and 33% lower than January 2023. January residential sales decreased by 38% month-over-month, to 37, and were 9% above January 2023. The months of inventory for residential in Bellevue, at 1.6, reflected a sellers' market. The residential median price in January was $1,935,000, a 7% increase from December and 16% above January 2023. The average sold price was $2,390,686, 7% above last month and up 15% to January 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
37 60
34 89
15% 16% -38% 9% -33%
60 65
7% 7% 50% -38% -8%
$2,390,686 $1,935,000 1.6
$2,230,486 $1,815,000 1.1
$2,082,190 $1,664,500 262%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
152
42
42
142
128
128
103 144
108
99
94
91
106
84
100
89
96
73
85
65
73
60
68
68
62
60
37
34
18
$1.96M
$1.83M
$1.82M $1.94M
$1.74M $1.85M
$1.68M
$1.66M $1.53M
$1.64M $1.65M $1.62M $1.73M
Jan-23
Dec-23
Jan-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
30
6.0
25
20
2.9
15
10
1.4
0.8
0.5
0.5
0.5
5
0.2
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M +
MOI INVENTORY SALES
1 0 n/a
2 1 0.5
5 1 0.2
5 4 0.8
2 1 0.5
4 2 0.5
5 7 1.4
2 12 6.0
11 32 2.9
Copyright © February 7, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 7, 2024. All data from Northwest Multiple Listing Service & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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