bellevue west of 405 SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 20% VS 2023
▲ 3% VS 2023
▲ 32% VS 2023
▼ 1.2% VS 2023
There were 71 single-family home listings in Bellevue West of 405 in July, 22% above June and 3% higher than July 2023. July single-family home sales increased by 9% month-over-month, to 25, and were 32% above July 2023. The months of inventory for single-family home in Bellevue West of 405, at 2.8, reflected a sellers' market. The single-family home median price in July was $3,850,000, a 2% decrease from June and 1.2% below July 2023. The average sold price was $4,859,223, 7% above last month and up 20% to July 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
25 71
19 69
20% -1.2% -22% 32% 3%
23 58
7% -2% 13% 9% 22%
$4,859,223 $3,850,000 2.8
$4,556,259 $3,945,000 2.5
$4,046,105 $3,895,000 3.6
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
63
71
69
61
69
58
64
54
58
49
44
40
31
31
28
37
26
39
31 16
25
36
26
19
23
18
12
11
8
$4.14M
$3.95M $3.85M
$3.90M
$3.77M $4.05M $3.78M $3.99M
$3.55M
$3.49M
$3.21M
$3.26M
$2.83M
Jul-23
Jun-24
Jul-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
5.1
5.0
30
20
1.4
1.4
10
0.7
0.5
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
0 1 n/a
3 2 0.7
4 2 0.5
1 5 5.0
5 7 1.4
5 7 1.4
0 11 n/a
7 36 5.1
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 August 6, 2024. 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. 13 ●
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