kent SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.1% VS 2023
▲ 34% VS 2023
▲ 4% VS 2023
▼ 1.1% VS 2023
There were 138 single-family home listings in Kent in July, 17% above June and 34% higher than July 2023.
July single-family home sales decreased by 23% month-over-month, to 79, and were 4% above July 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for single-family home in Kent, at 1.7, reflected a sellers' market. The single-family home median price in July was $675,000, a 8% decrease from June and 1.1% above July 2023. The average sold price was $685,694, 8% below last month and down 1.1% to July 2023.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$685,694 $675,000 1.7 79 138
$693,317 $667,500 1.4 76 103
-1.1% 1.1% 29% 4% 34%
102 118
-8% -8% 51% -23% 17%
$742,194 $730,250 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
138
127
118
115
109
38
102
118
36
91
87
103 76
82
73
88
65
64
63
62
79
75
66
65
62
60
53
47
$758K
$730K
$722K
$712K
$700K
$700K
$707K
$690K
$675K
$668K
$664K
$670K
$660K
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
60
7.0
50
5.0
40
30
2.8
20
1.5
0.8
10
0
<$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
25 19 0.8
40 61 1.5
12 33 2.8
1 5 5.0
0 9 n/a
1 7 7.0
0 3 n/a
0 1 n/a
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. 28 ●
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