kent SINGLE-FAMILY HOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21% VS 2023
▲ 3% VS 2023
▲ 20% VS 2023
▼ 7% VS 2023
There were 131 single-family home listings in Kent in October, 1.5% below September and 20% higher than October 2023. October single-family home sales increased by 9% month-over-month, to 76, and were 7% below October 2023. The months of inventory for single-family home in Kent, at 1.7, reflected a sellers' market. The single-family home median price in October was $682,475, a 0.4% decrease from September and 3% above October 2023. The average sold price was $836,844, 15% above last month and up 21% 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
$836,844 $682,475 1.7 76 131
$691,657 $663,500 1.3 82 109
21% 3% 30% -7% 20%
$728,376 $685,400 1.9 70 133
15% -0.4% -9% 9% -1.5%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
52
131
138
118
133
133
115
109
47
46
102
91
87
83
82
88
76
65
64
63 60
62
79
75
70
65
62
53
47
$758K
$730K
$722K
$712K
$707K
$700K
$690K
$685K
$682K
$675K
$664K
$670K
$660K
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
50
6.0
40
30
3.5
2.8
20
1.1
1.1
10
0
<$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
15 17 1.1
43 48 1.1
11 38 3.5
2 12 6.0
4 11 2.8
0 3 n/a
0 2 n/a
1 0 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. 28 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online