king county TOWNHOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 1.5% VS 2023
▲ 48% VS 2023
▲ 41% VS 2023
There were 687 townhome listings in King County in December, 21% below November and 48% higher than December 2023. December townhome sales increased by 6% month-over-month, to 332, and were 41% above December 2023. The months of inventory for townhomes in King County, at 2.1, re&ected a sellers' market. The townhome median price in December was $750,000, a 0.3% decrease from November and 1.5% above December 2023. The average sold price was $822,970, 5% below last month; the average PSF sale price was $530, down 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 235 463
% Change
No. 314 873
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
332 687
3% 7% 1.5% 5% 41% 48%
-4% -5% -0.3% -26% 6% -21%
$530 $822,970 $750,000 2.1
$515 $766,388 $739,000 2.0
$554 $864,979 $752,450 2.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,078
64
62
960
1,051
873
999
860
725
53
559
687
529
505
479
463
373
367
335
466
439
421
332
357
338
325
314
235
222
$800K
$798K
$785K
$782K
$784K
$773K
$761K
$750K
$752K
$750K
$739K
$739K
$730K
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.
10.3
42
200
4+ bdrms
124
150
148
3 bdrms
246
100
3.6
136
50
2 bdrms
2.0
1.8
1.7
1.7
1.6
289
0
6
<$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 85 144 1.7 107 219 2.0 62 107 1.7 40 71 1.8 17 61 3.6 18 29 1.6 3 31 10.3 0 25 n/a
<2 bdrms
28
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. 5 ●
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