bellevue RESIDENTIAL - SEPTEMBER 2 0 2 3
MONTHS OF INVENTORY 2.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 5% VS 2022
▲ 0.1% VS 2022
▼ 1.5% VS 2022
▼ 17% VS 2022
There were 193 residential listings in Bellevue in September, 1.5% below August and 1.5% lower than September 2022. September residential sales decreased by 17% month-over-month, to 85, and were 17% below September 2022. The months of inventory for residential in Bellevue, at 2.3, reflected a sellers' market. The residential median price in September was $1,651,000, a 1.0% increase from August and 0.1% above September 2022. The average sold price was $2,008,780, 0.9% above last month and up 5% to September 2022.
THIS MONTH No. $2,008,780 $1,651,000 2.3 85 193
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 102 196
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
5% 0.1% 18% -17% -1.5%
103 196
0.9% 1% 19% -17% -1.5%
$1,990,877 $1,635,000 1.9
$1,920,603 $1,650,000 192%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
21
196
184
193
196
194
193
159
134
158
139
106
103
91
102
114
113
111
73
85
68
84
59
73
70
62
34
7
6
$1.96M
$1.83M
$1.74M $1.85M
$1.68M
$1.65M $1.61M $1.56M
$1.66M $1.53M
$1.64M $1.65M
$1.37M
Sep-22
Aug-23
Sep-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
60
10.0
50
40
5.6
30
3.5
20
3.0
2.3
1.4
1.3
10
1.1
0.9
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M +
MOI INVENTORY SALES
1 3 3.0
1 10 10.0
14 15 1.1
15 20 1.3
14 12 0.9
9 13 1.4
10 23 2.3
10 35 3.5
11 62 5.6
Copyright © October 16, 2023 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 October 16, 2023. All data from Northwest Multiple Listing Service & Rennie. 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.
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