bellevue west of 405 CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 2.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 29% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 10% VS 2023
▼ 27% VS 2023
▼ 36% VS 2023
▼ 56% VS 2023
There were 29 condo listings in Bellevue West of 405 in December, 26% below November and 36% lower than December 2023. December condo sales decreased by 39% month-over-month, to 11, and were 56% below December 2023. The months of inventory for condos in Bellevue West of 405, at 2.6, re(ected a sellers' market. The condo median price in December was $762,000, a 12% decrease from November and 27% below December 2023. The average sold price was $1,000,636, 11% below last month; the average PSF sale price was $829, down 12% to last month.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11 29
25 45
-29% -10% -27% 46% -56% -36%
18 39
-12% -11% -12% 22% -39% -26%
$829 $1,000,636 $762,000 2.6
$1,175 $1,112,790 $1,041,000 1.8
$937 $1,123,694 $862,000 2.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
68
55
62
61
53
58
46
45
47
44
44
42
51
32
39
29
29
25
20
18
25
24
23
19
17
16
15
11
$2.11M
$1.50M
$1.35M $1.31M
$1.04M $1.07M $1.10M $1.10M $1.12M
$1.00M
$875K
$862K
$762K
0
Dec-23
Nov-24
Dec-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET <4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
8
8.0
4+ bdrms
6
5.0
3 bdrms
3
4
3.0
3.0
7
2 bdrms
2
1.0
11
0.5
0
4
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 0 1 n/a 1 5 5.0 0 3 n/a 1 3 3.0 5 5 1.0 1 8 8.0 1 3 3.0 2 1 0.5
15
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. 14 ●
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