king county TOWNHOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 2.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 1.4% VS 2023
▲ 64% VS 2023
▲ 14% VS 2023
There were 1,049 townhome listings in King County in October, 3% below September and 64% higher than October 2023. October townhome sales increased by 15% month-over-month, to 373, and were 14% above October 2023. The months of inventory for townhomes in King County, at 2.8, reflected a sellers' market. The townhome median price in October was $750,000, a 4% decrease from September and 1.4% above October 2023. The average sold price was $822,610, 4% below last month; the average PSF sale price was $530, down 77% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 328 638
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$530 $822,610 $750,000 2.8 373 1,049
1.6% 7% 1.4% 45% 14% 64%
$2,314 $854,231 $784,000 3.3 325 1,076
-77% -4% -4% -15% 15% -3%
$521 $767,017 $739,995 1.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,076
53
1,049
954
50
857
995
724
43
589
638
559
529
505
479
367
466
335
463
439
373
421
328
357
338
325
269
235
222
$800K
$798K
$785K
$782K
$784K
$773K
$761K
$750K
$740K
$739K
$739K
$730K
$721K
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.
350
24.0
42
300
4+ bdrms
169
250
164
200
3 bdrms
443
150
158
100
6.0
2 bdrms
394
3.9
3.3
3.2
50
2.5
2.1
2.1
0
9
<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 98 243 2.5 103 336 3.3 89 191 2.1 47 97 2.1 20 78 3.9 10 32 3.2 2 48 24.0 4 24 6.0
43
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. 5 ●
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