burien/normandy park TOWNHOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 3.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 23% VS 2023
▲ 61% VS 2023
▲ 264% VS 2023
▲ 38% VS 2023
There were 40 townhome listings in Burien/Normandy Park in December, 15% below November and 264% higher than December 2023. December townhome sales increased by 120% month-over-month, to 11, and were 38% above December 2023. The months of inventory for townhomes in Burien/Normandy Park, at 3.6, re(ected a sellers' market. The townhome median price in December was $595,000, a 13% increase from November and 61% above December 2023. The average sold price was $506,818, 5% above last month; the average PSF sale price was $348, down 22% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11 40
$321 $412,925 $369,500 1.4 8 11
8% 23% 61% 164% 38% 264%
$444 $480,780 $524,950 9.4 5 47
-22% 5% 13% -61% 120% -15%
$348 $506,818 $595,000 3.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
83
48
47
47
39
39
45
45
74
40
33
56
19
22
15
13
11
8
8
11
10
4
10
8
8
5
5
5
$675K
$595K
$535K
$530K
$527K
$525K
$515K
$465K
$437K
$435K
$412K
$370K
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.
4.5
4+ bdrms
4.0
14
15
7
3 bdrms
10
15
1.5
1.3
3
5
2 bdrms
10
0
1 1
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES
1 4 4.0
2 3 1.5
0 6 n/a
4 5 1.3
4 18 4.5
0 4 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. 17 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online