west seattle TOWNHOME - DECEMBER 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 10% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 250% VS 2023
▼ 33% VS 2023
▼ 10% VS 2023
There were 38 townhome listings in West Seattle in December, 33% below November and 15% higher than December 2023. December townhome sales decreased by 18% month-over-month, to 28, and were 250% above December 2023. The months of inventory for townhomes in West Seattle, at 1.4, re'ected a sellers' market. The townhome median price in December was $656,500, a 11% decrease from November and 10% below December 2023. The average sold price was $702,977, 4% below last month; the average PSF sale price was $466, down 11% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
28 38
$519 $1,042,931 $727,500 4.1 8 33
-10% -33% -10% -67% 250% 15%
34 57
-11% -4% -11% -19% -18% -33%
$466 $702,977 $656,500 1.4
$524 $735,887 $740,000 1.7
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
89
84
60
81
72
80
49
55
65
52
49
44
57
44
47
36
34
32
28 38
33
27
37
37
32
21
18
8
10
$770K
$740K
$735K
$728K
$725K
$710K
$714K
$700K
$700K
$705K
$657K
$643K
$643K
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.
2.6
20
4
4+ bdrms
3
15
1.5
14
3 bdrms
1.0
15
10
0.8
0.5
10
2 bdrms
5
18
0
<2 bdrms
<$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 0 1 n/a 13 10 0.8 8 21 2.6 4 2 0.5 1 1 1.0 2 3 1.5
2
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. 51 ●
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