snohomish county TOWNHOME - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 2% VS 2023
▲ 54% VS 2023
▲ 27% VS 2023
▼ 1.0% VS 2023
There were 250 townhome listings in Snohomish County in October, 5% below September and 54% higher than October 2023. October townhome sales decreased by 10% month-over-month, to 142, and were 27% above October 2023. The months of inventory for townhomes in Snohomish County, at 1.8, reflected a sellers' market. The townhome median price in October was $628,950, a 4% decrease from September and 1.0% below October 2023. The average sold price was $663,134, 3% below last month; the average PSF sale price was $409, down 1.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 112 162
% Change
No. 157 264
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
142 250
4% 2% -1% 22% 27% 54%
-1.5% -3% -4% 5% -10% -5%
$409 $663,134 $628,950 1.8
$394 $647,327 $634,998 1.4
$415 $683,322 $654,500 1.7
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
264
56
55
250
227
226
184
181
172
166
162
135
142
40
157
156
152
113
107
140
112
96
81 87
110
105
88
86
87
$673K
$658K
$655K
$636K
$639K
$635K
$627K
$635K
$635K
$633K
$629K
$617K
$595K
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.
2.5
100
30
4+ bdrms
2.1
62
80
1.7
1.7
70
60
3 bdrms
1.0
120
40
37
2 bdrms
66
20
0
5
<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 59 101 1.7 51 105 2.1 21 22 1.0 7 12 1.7 4 10 2.5
2
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. 54 ●
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