belltown/downtown seattle CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 44% VS 2023
▼ 27% VS 2023
▼ 31% VS 2023
▼ 13% VS 2023
There were 107 condo listings in Belltown/Downtown Seattle in December, 28% below November and 13% lower than December 2023. December condo sales increased by 3% month-over-month, to 39, and were 44% above December 2023. The months of inventory for condos in Belltown/Downtown Seattle, at 2.7, re'ected a sellers' market. The condo median price in December was $620,000, a 1.4% increase from November and 31% below December 2023. The average sold price was $852,830, 33% above last month; the average PSF sale price was $826, up 16% 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
$826 $852,830 $620,000 2.7 39 107
$927 $1,170,764 $905,000 4.6 27 123
-11% -27% -31% -40% 44% -13%
$712 $639,378 $611,738 3.9 38 149
16% 33% 1.4% -30% 3% -28%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
224
236
78
219
218
72
188
204
183
149
149
63
159
123
133
107
51
49
38
35
29
39
22
17
27
37
35
31
30
$905K
$787K
$719K
$703K
$650K
$650K
$640K
$635K
$610K
$612K
$620K
$599K
$463K
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.
6.0
40
4+ bdrms
3.7
30
2
3 bdrms
6
2.5
2.2
2.0
20
15
0.7
2 bdrms
10
42
0
22
<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 11 n/a 0 2 n/a 3 6 2.0 18 45 2.5 6 22 3.7 5 11 2.2 6 4 0.7 1 6 6.0
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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. 15 ●
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