north seattle SINGLE-FAMILY HOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 1.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 2% VS 2023
▲ 36% VS 2023
▲ 78% VS 2023
▼ 0.1% VS 2023
There were 106 single-family home listings in North Seattle in October, 21% below September and 36% higher than October 2023. October single-family home sales increased by 72% month-over-month, to 103, and were 78% above October 2023. The months of inventory for single-family home in North Seattle, at 1.0, reflected a sellers' market. The single-family home median price in October was $1,065,000, a 6% decrease from September and 2% above October 2023. The average sold price was $1,213,321, 1.7% below last month and down 0.1% 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
103 106
58 78
78% 36%
$1,234,034 $1,130,500 2.3 60 135
-1.7% -6% -54% 72% -21%
$1,213,321 $1,065,000 1.0
$1,214,047 $1,042,500 1.3
-0.1% 2% -23%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
129
136
135
41
123
99
106
35
113
96
103
33
97
80
78
69
78
59
58
51
58
65
60
58
40 36
56
50
31
$1.29M
$1.19M
$1.17M $1.13M
$1.16M
$1.13M $1.07M
$1.04M $1.01M
$1.00M
$993K
$980K
$915K
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
2.0
40
1.5
1.4
1.2
30
0.7
0.7
20
10
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
45 30 0.7
24 17 0.7
14 21 1.5
9 11 1.2
8 11 1.4
0 6 n/a
3 6 2.0
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 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. 36 ●
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