kent SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.6% VS 2023
▲ 5% VS 2023
▲ 10% VS 2023
▼ 7% VS 2023
There were 56 single-family home listings in Kent in December, 43% below November and 7% lower than December 2023. December single-family home sales increased by 15% month-over-month, to 69, and were 10% above December 2023. The months of inventory for single-family home in Kent, at 0.8, re'ected a sellers' market. The single-family home median price in December was $725,000, a 1.0% increase from November and 5% above December 2023. The average sold price was $751,057, 6% below last month and up 1.6% 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
69 56
63 60
1.6% 5% -15% 10% -7%
60 98
-6% 1% -50% 15% -43%
$751,057 $725,000 0.8
$801,377 $717,500 1.6
$738,989 $690,000 1.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
131
59
138
57
118
133
133
115
52
102
98
91
83
76
88
65
64
62
79
69
63
70
65
62
60
60
56
53
47
$758K
$730K
$722K
$718K
$725K
$712K
$707K
$700K
$690K
$685K
$682K
$675K
$670K
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
30
3.3
3.0
25
20
15
1.2
10
0.4
0.3
5
0
<$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
15 5 0.3
30 12 0.4
19 22 1.2
3 10 3.3
2 6 3.0
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. 28 ●
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