renton SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 13% VS 2023
▲ 13% VS 2023
▲ 42% VS 2023
▼ 27% VS 2023
There were 69 single-family home listings in Renton in December, 44% below November and 27% lower than December 2023. December single-family home sales decreased by 10% month-over-month, to 92, and were 42% above December 2023. The months of inventory for single-family home in Renton, at 0.8, re&ected a sellers' market. The single-family home median price in December was $794,975, a 2% decrease from November and 13% above December 2023. The average sold price was $898,868, 3% above last month and up 13% 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
92 69
65 95
13% 13% -49% 42% -27%
102 124
-38% -10% -44%
$898,868 $794,975 0.8
$872,736 $812,260 1.2
$793,104 $701,000 1.5
3% -2%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
216
215
66
190
184 129
155
175
147
131
124
50
113
136
47
120
118
86
95
92
75
75
102
92
65
72
69
62
62
$850K
$848K
$840K
$812K
$795K
$800K
$800K
$800K
$795K
$790K
$786K
$760K
$701K
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
40
3.0
30
1.5
1.3
20
1.0
0.7
0.4
0.5
10
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
10 7 0.7
38 17 0.4
20 9 0.5
11 17 1.5
7 9 1.3
5 5 1.0
1 3 3.0
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. 42 ●
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