burien/normandy park SINGLE-FAMILY HOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 14% VS 2023
▲ 21% VS 2023
▲ 9% VS 2023
There were 120 single-family home listings in Burien/Normandy Park in October, 14% below September and 21% higher than October 2023. October single-family home sales increased by 25% month-over-month, to 75, and were 9% above October 2023. The months of inventory for single-family home in Burien/Normandy Park, at 1.6, reflected a sellers' market. The single-family home median price in October was $710,000, a 4% increase from September and 14% above October 2023. The average sold price was $792,017, 2% above last month and up 10% to October 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$792,017 $710,000 1.6 75 120
69 99
10% 14% 12% 9% 21%
$776,037 $680,000 2.3 60 140
2% 4% -31% 25% -14%
$718,504 $625,000 1.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
140
43
42
40
126
104
120
96
113
99
83
82
71
71
87
75
66
69
78
56
67
50 66
64
60
60
59
52
48
$733K
$720K
$718K
$710K
$695K
$700K
$680K
$675K
$659K
$650K
$635K
$625K
$597K
Oct-23
Sep-24
Oct-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
5.0
80
4.0
60
2.0
2.0
40
1.3
20
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
63 85 1.3
6 12 2.0
2 8 4.0
3 6 2.0
1 5 5.0
0 2 n/a
0 1 n/a
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 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. 16 ●
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