snohomish county SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 7% VS 2023
▲ 30% VS 2023
▲ 13% VS 2023
There were 973 single-family home listings in Snohomish County in July, 7% above June and 30% higher than July 2023. July single-family home sales increased by 1.6% month-over-month, to 743, and were 13% above July 2023. The months of inventory for single-family home in Snohomish County, at 1.3, reflected a sellers' market. The single-family home median price in July was $830,000, a 2% decrease from June and 7% above July 2023. The average sold price was $912,157, 1.5% below last month and up 6% to July 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 655 747
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
743 973
15% 13% 30%
731 908
-1.5% -2% 5% 1.6% 7%
$912,157 $830,000 1.3
$925,722 $850,000 1.2
$862,866 $775,000 1.1
6% 7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
40
40
973
908
866
826
820
37
750
694
747 655
743
645
746
746
731
648
470
453
564
416
519
488
452
448
414
369
368
$850K
$844K
$830K
$810K
$775K
$775K
$749K
$750K
$750K
$745K
$739K
$740K
$700K
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
600
4.0
500
400
2.4
2.0
1.8
300
1.1
1.1
1.0
200
100
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
521 599 1.1
97 172 1.8
80 89 1.1
34 69 2.0
8 19 2.4
0 12 n/a
2 8 4.0
1 1 1.0
0 1 n/a
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. 53 ●
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