king county TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 2.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 8% VS 2023
▲ 59% VS 2023
▼ 2% VS 2023
There were 949 townhome listings in King County in July, 11% above June and 59% higher than July 2023.
July townhome sales increased by 3% month-over-month, to 367, and were 2% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 375 598
% Change
No. 357 855
% Change
The months of inventory for townhomes in King County, at 2.6, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
367 949
3% 6% 8% 62% -2% 59%
-3% -3% -2% 8% 3% 11%
The townhome median price in July was $782,000, a 2% decrease from June and 8% above July 2023. The average sold price was $814,565, 3% below last month; the average PSF sale price was $546, down 3% to last month.
$546 $814,565 $782,000 2.6
$530 $769,944 $725,000 1.6
$566 $835,824 $798,000 2.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
43
949
855
723
37
680
638
589
598
529
505
479
593
559 439
466
463
335
328
375
367
421
357
345
338
269
235
222
$800K
$798K
$785K
$782K
$773K
$761K
$740K
$739K
$730K
$725K
$720K
$721K
$700K
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.
350
15.0
29
300
4+ bdrms
117
250
165
200
3 bdrms
395
150
160
100
2 bdrms
3.0
2.9
2.8
384
2.1
2.1
2.0
50
0
13
<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 87 244 2.8 112 322 2.9 91 189 2.1 43 86 2.0 19 57 3.0 14 30 2.1 1 15 15.0 0 6 n/a
53
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. 5 ●
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