west seattle SINGLE-FAMILY HOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 0.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 14% VS 2023
▲ 42% VS 2023
▼ 11% VS 2023
There were 57 single-family home listings in West Seattle in December, 30% below November and 11% lower than December 2023. December single-family home sales decreased by 12% month-over-month, to 61, and were 42% above December 2023. The months of inventory for single-family home in West Seattle, at 0.9, re'ected a sellers' market. The single-family home median price in December was $835,000, a 4% increase from November and 14% above December 2023. The average sold price was $948,125, 9% above last month and up 5% 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
61 57
43 64
5% 14% -37% 42% -11%
69 82
-21% -12% -30%
$948,125 $835,000 0.9
$873,829 $805,000 1.2
$903,318 $735,000 1.5
9% 4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
144
52
131
116
104
100
98
113
93
41
100
82
95
76
76
93
57
34
64
72
70
61
69
68
67
64
57
43
35
$915K
$918K
$880K
$885K
$888K
$879K
$875K
$858K
$855K
$836K
$835K
$805K
$735K
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
1.1
40
1.0
1.0
0.9
30
0.5
20
10
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
42 37 0.9
6 6 1.0
8 9 1.1
4 2 0.5
0 1 n/a
1 1 1.0
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. 50 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online