snohomish county TOWNHOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 11% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 7% VS 2023
▲ 110% VS 2023
▲ 50% VS 2023
There were 225 townhome listings in Snohomish County in July, 31% above June and 110% higher than July 2023.
July townhome sales increased by 3% month-over-month, to 156, and were 50% above July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 104 107
% Change
No. 152 172
% Change
The months of inventory for townhomes in Snohomish County, at 1.4, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
156 225
40% 50% 110%
1.9% 1.4% -3% 27% 3% 31%
The townhome median price in July was $616,855, a 3% decrease from June and 7% above July 2023. The average sold price was $676,418, 1.4% above last month; the average PSF sale price was $409, up 1.9% to last month.
$409 $676,418 $616,855 1.4
$370 $612,775 $575,525 1.0
$402 $666,988 $638,500 1.1
11% 10% 7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
50
225
181
172
166
162
42
152
41
156
140
135
133
152
113
112
107
96
107
87
111
111
110
104
105
88
86
87
81
$673K
$636K
$639K
$635K
$627K
$635K
$635K
$633K
$617K
$610K
$595K
$576K
$576K
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.
100
2.2
40
2.0
4+ bdrms
67
80
1.4
1.1
70
60
3 bdrms
0.9
102
40
45
2 bdrms
50
20
0
1
<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
6
72 79 1.1
44 97 2.2
24 21 0.9
7 14 2.0
9 13 1.4
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. 54 ●
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