bellevue east of 405 SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 12% VS 2023
▼ 9% VS 2023
▼ 29% VS 2023
There were 21 single-family home listings in Bellevue East of 405 in December, 40% below November and 9% lower than December 2023. December single-family home sales decreased by 39% month-over-month, to 25, and were 29% below December 2023. The months of inventory for single-family home in Bellevue East of 405, at 0.8, re'ected a sellers' market. The single-family home median price in December was $1,675,000, a 11% increase from November and 12% above December 2023. The average sold price was $2,083,392, 21% above last month and up 15% to December 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
25 21
35 23
15% 12% 28% -29% -9%
41 35
21% 11% -1.6% -39% -40%
$2,083,392 $1,675,000 0.8
$1,727,183 $1,510,000 0.9
$1,807,091 $1,500,000 0.7
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
44
70
77
42
74
62
61
57
63
60
58
57
35
43
41
48
37
46
45
35
40
37
35
22
25
23
25
21
16
$1.78M
$1.75M
$1.68M
$1.60M $1.60M $1.55M
$1.60M $1.51M
$1.56M $1.68M $1.62M $1.66M
$1.50M
Dec-23
Nov-24
Dec-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
6
5.0
5
4.0
4
3.0
3
2
1.0
0.5
0.3
0.2
1
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
1 5 5.0
4 0 n/a
6 2 0.3
5 1 0.2
1 3 3.0
1 4 4.0
6 3 0.5
1 1 1.0
0 2 n/a
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2025 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 January 13, 2025. 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. 10 ●
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