burien/normandy park SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 1.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 13% VS 2023
▲ 13% VS 2023
▲ 6% VS 2023
▲ 32% VS 2023
There were 70 single-family home listings in Burien/Normandy Park in December, 35% below November and 6% higher than December 2023. December single-family home sales increased by 10% month-over-month, to 66, and were 32% above December 2023. The months of inventory for single-family home in Burien/Normandy Park, at 1.1, re(ected a sellers' market. The single-family home median price in December was $731,250, a 14% increase from November and 13% above December 2023. The average sold price was $798,984, 3% below last month and up 13% 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
66 70
50 66
13% 13% -20% 32% 6%
$825,664 $642,500 1.8 60 107
-3% 14% -41% 10% -35%
$798,984 $731,250 1.1
$705,109 $649,725 1.3
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
140
49
126
107
43
122
43
104
113
83
82
75
71
71
87
70
66
78
50 66
66
56
67
64
60
60
60
59
48
$733K
$731K
$720K
$718K
$710K
$695K
$700K
$680K
$675K
$659K
$650K
$643K
$597K
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
50
3.0
40
30
1.5
1.0
1.0
0.8
20
10
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
49 47 1.0
12 10 0.8
2 6 3.0
2 3 1.5
1 1 1.0
0 1 n/a
0 1 n/a
0 1 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. 16 ●
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