queen anne/magnolia SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 35% VS 2023
▲ 7% VS 2023
▲ 55% VS 2023
▼ 31% VS 2023
There were 27 single-family home listings in Queen Anne/Magnolia in December, 45% below November and 31% lower than December 2023. December single-family home sales increased by 26% month-over-month, to 34, and were 55% above December 2023. The months of inventory for single-family home in Queen Anne/Magnolia, at 0.8, re*ected a sellers' market. The single-family home median price in December was $1,347,500, a 1.9% increase from November and 7% above December 2023. The average sold price was $1,734,095, 23% above last month and up 35% 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
34 27
22 39
35% 7% -55% 55% -31%
27 49
23% 1.9% -56% 26% -45%
$1,734,095 $1,347,500 0.8
$1,408,093 $1,322,500 1.8
$1,280,918 $1,260,000 1.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
80
80
56
55
71
69
64
67
67
52
45
49
47
56
56
39
48
39
42
40
39
34
34
33
31
22
27
27
14
$1.70M
$1.67M
$1.49M
$1.47M
$1.45M $1.55M
$1.38M $1.32M $1.35M
$1.30M
$1.26M $1.35M
$1.25M
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
12
3.0
10
8
1.3
6
1.0
0.8
0.6
4
0.5
0.3
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
11 7 0.6
4 2 0.5
6 2 0.3
3 1 0.3
4 3 0.8
1 3 3.0
4 5 1.3
0 1 n/a
1 1 1.0
0 2 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. 39 ●
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