north seattle SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 13% VS 2023
▲ 51% VS 2023
▲ 52% VS 2023
There were 136 single-family home listings in North Seattle in July, 20% above June and 51% higher than July 2023. July single-family home sales increased by 23% month-over-month, to 96, and were 52% above July 2023. The months of inventory for single-family home in North Seattle, at 1.4, reflected a sellers' market. The single-family home median price in July was $1,155,000, a 16% increase from June and 13% above July 2023. The average sold price was $1,304,600, 7% above last month and up 3% to July 2023.
THIS MONTH No. $1,304,600 $1,155,000 1.4 96 136
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
63 90
52% 51%
$1,224,627 $1,000,000 1.4 78 113
7% 16% -2% 23% 20%
$1,264,234 $1,021,000 1.4
3% 13% -0.8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
129
34
136
31
31
99
99
113
96
88
90
97
69
78
78
59
75
58
51
65
63
62
58
58
40
56
50
36
31
$1.29M
$1.19M
$1.17M $1.13M
$1.16M
$1.02M $1.06M $1.09M $1.04M $1.01M
$1.00M
$980K
$915K
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
50
3.0
40
1.7
1.6
30
1.5
1.3
1.3
1.2
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
38 48 1.3
18 22 1.2
12 18 1.5
16 20 1.3
4 12 3.0
5 8 1.6
3 5 1.7
0 3 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. 36 ●
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