burien/normandy park CONDO - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 4.5 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 16% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 29% VS 2023
▼ 30% VS 2023
▼ 29% VS 2023
▼ 50% VS 2023
There were 18 condo listings in Burien/Normandy Park in December, 14% below November and 29% higher than December 2023. December condo sales remained the same month-over-month, at 4, and were 50% below December 2023. The months of inventory for condos in Burien/Normandy Park, at 4.5, re(ected a balanced market. The condo median price in December was $222,250, a 14% decrease from November and 29% below December 2023. The average sold price was $224,750, 9% below last month; the average PSF sale price was $295, down 1.2% 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
$295 $224,750 $222,250 4.5 4 18
$351 $322,025 $315,000 1.8 8 14
-16% -30% -29% 157% -50% 29%
$299 $247,500 $257,500 5.3 4 21
-1.2% -9% -14% -14% 0% -14%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
83
25
27
23
26
21
19
21
18
13
14
12
12
12
10
10
13
12
50
8
8
7
8
41
4
5
4
4
4
$340K
$317K
$315K
$305K
$303K
$301K
$293K
$278K
$272K
$274K
$275K
$258K
$222K
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.
12
2.8
10
4+ bdrms
8
3 bdrms
6
1
4
2
2 bdrms
12
2
0
2
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 4 11 2.8 0 3 n/a 0 2 n/a 0 2 n/a
5
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. 18 ●
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