southeast seattle TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.1% VS 2023
▼ 4% VS 2023
▼ 34% VS 2023
▼ 31% VS 2023
There were 23 townhome listings in Southeast Seattle in July, 8% below June and 34% lower than July 2023.
July townhome sales increased by 29% month-over-month, to 9, and were 31% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The months of inventory for townhomes in Southeast Seattle, at 2.6, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$521 $797,971 $747,500 2.6 9 23
13 35
-31% -34%
$505 $836,857 $910,000 3.6 7 25
-18% -28% 29% -8%
The townhome median price in July was $747,500, a 18% decrease from June and 4% below July 2023. The average sold price was $797,971, 5% below last month; the average PSF sale price was $521, up 3% to last month.
$510 $797,149 $775,000 2.7
-4% -5%
3% -5%
2% 0.1%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
42
42
64
63
36
38
38
35
31
34
25
25
23
23
20
23
15
17
16
13
35
14
9
11
9
8
8
8
7
$910K
$789K
$775K
$756K
$748K
$728K
$714K
$699K
$671K
$650K
$620K
$620K
$599K
▶ 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.
7
3.5
4+ bdrms
6
4
5
2.0
5
4
3 bdrms
11
1.0
3
4
2
2 bdrms
8
1
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 7 n/a
6 6 1.0
2 7 3.5
1 2 2.0
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. 49 ●
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