belltown/downtown seattle CONDO - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 6.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 20% VS 2023
▼ 28% VS 2023
▼ 2% VS 2023
0.0% VS 2023
There were 188 condo listings in Belltown/Downtown Seattle in October, 14% below September and 2% lower than October 2023. October condo sales increased by 71% month-over-month, to 29, and were the same in October 2023. The months of inventory for condos in Belltown/Downtown Seattle, at 6.5, reflected a buyers' market. The condo median price in October was $463,000, a 24% decrease from September and 28% below October 2023. The average sold price was $631,912, 22% below last month; the average PSF sale price was $725, down 12% to last month.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$725 $631,912 $463,000 6.5 29 188
$790 $787,548 $642,500 6.6 29 192
-8% -20% -28% -2% 0% -2%
$823 $813,250 $610,000 12.8 17 218
-12% -22% -24% -49% 71% -14%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
224
236
78
219
218
192
204
188
183
149
61
159
155
133
123
51
49
42
35
27
22
18
17
29
29
37
35
31
30
$905K
$787K
$719K
$703K
$650K
$650K
$643K
$640K
$635K
$610K
$599K
$588K
$463K
Oct-23
Sep-24
Oct-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.
80
17.0
4+ bdrms
1
60
12.0
1
3 bdrms
13
40
7.0
7.0
4.2
5
2 bdrms
20
71
0
23
<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 1 12 12.0 0 12 n/a 0 5 n/a 1 17 17.0 19 80 4.2 5 35 7.0 3 21 7.0 0 6 n/a
103
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 November 12, 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. 15 ●
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