southeast seattle SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 12% VS 2023
▲ 11% VS 2023
▲ 42% VS 2023
▼ 22% VS 2023
There were 95 single-family home listings in Southeast Seattle in July, 28% above June and 42% higher than July 2023. July single-family home sales remained the same month-over-month, at 38, and were 22% below July 2023. The months of inventory for single-family home in Southeast Seattle, at 2.5, reflected a sellers' market. The single-family home median price in July was $915,000, a 0.7% increase from June and 11% above July 2023. The average sold price was $1,094,472, 4% above last month and up 12% to July 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
38 95
49 67
12% 11% 83% -22% 42%
38 74
4% 0.7% 28% 0% 28%
$1,094,472 $915,000 2.5
$1,056,445 $908,750 1.9
$977,491 $821,000 1.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
95
80
35
77
34
67
74
67
65
53
49
49
47
38
48
34
32
38
41
28
38
34
31
30
29
27
24
18
$965K
$950K
$915K
$909K
$845K
$848K
$831K
$838K
$821K
$800K
$741K
$725K
$715K
▶ 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
40
30
2.5
20
2.0
2.0
1.5
1.3
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
22 55 2.5
7 9 1.3
2 14 7.0
3 6 2.0
2 4 2.0
2 3 1.5
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. 48 ●
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