the seattle rennie review | January 2025

eastside south SINGLE-FAMILY HOME - DECEMBER 2 0 2 4

MONTHS OF INVENTORY 1.0 SELLERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 15% VS 2023

▲ 6% VS 2023

▼ 21% VS 2023

0.0% VS 2023

There were 33 single-family home listings in Eastside South in December, 28% below November and no change to December 2023. December single-family home sales decreased by 42% month-over-month, to 33, and were 21% below December 2023. The months of inventory for single-family home in Eastside South, at 1.0, re%ected a sellers' market. The single-family home median price in December was $1,800,000, a 10% increase from November and 6% above December 2023. The average sold price was $2,080,665, 24% above last month and up 15% 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

33 33

42 33

15% 6% 27% -21% 0%

57 46

24% 10% 24% -42% -28%

$2,080,665 $1,800,000 1.0

$1,677,007 $1,630,000 0.8

$1,815,629 $1,700,000 0.8

▶ MEDIAN DAYS ON MARKET

▶ RECENT TRENDS

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

102

48

96

86

84

81

42

77 77

74

84

68

64

57

36

66

65

62

47

58

42

50

34

46

33

33

33

30

26

$1.94M

$1.79M $1.81M $1.81M

$1.80M

$1.70M $1.83M

$1.68M

$1.61M

$1.62M $1.69M $1.66M $1.63M

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

3.0

3.0

8

1.8

6

1.0

4

0.8

0.6

0.3

2

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

3 0 n/a

2 6 3.0

6 2 0.3

9 5 0.6

4 7 1.8

6 5 0.8

2 6 3.0

0 1 n/a

1 1 1.0

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. 25 ●

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