north seattle TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 3.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 28% VS 2023
▲ 8% VS 2023
▲ 51% VS 2023
▼ 35% VS 2023
There were 59 townhome listings in North Seattle in July, 5% above June and 51% higher than July 2023. July townhome sales decreased by 23% month-over-month, to 17, and were 35% below July 2023. The months of inventory for townhomes in North Seattle, at 3.5, reflected a sellers' market. The townhome median price in July was $815,000, a 10% increase from June and 8% above July 2023. The average sold price was $1,022,638, 32% above last month; the average PSF sale price was $616, up 13% 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
17 59
26 39
131% -35% 51%
22 56
13% 32% 10% 36% -23% 5%
$616 $1,022,638 $815,000 3.5
$565 $796,065 $754,950 1.5
$545 $774,280 $743,700 2.5
9% 28% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
56
50
59
43
47
39
39
39
39
37
31
29
27
26
26
31
30
29
23
22
21
17
12
18
13
13
11
6
6
$1.10M
$842K
$832K
$833K
$815K
$773K
$755K
$765K
$744K
$730K
$717K
$699K
$665K
Jul-23
Jun-24
Jul-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.
4.5
5
25
4+ bdrms
6
20
3
2.3
3 bdrms
15
2.0
29
10
9
0.5
2 bdrms
21
5
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 11 n/a 6 27 4.5 6 14 2.3 1 2 2.0 0 3 n/a 4 2 0.5
3
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. 37 ●
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