king county CONDO - OCTOBER 2 0 2 4
MONTHS OF INVENTORY 3.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 4% VS 2023
▲ 43% VS 2023
▲ 23% VS 2023
There were 1,031 condo listings in King County in October, 6% below September and 43% higher than October 2023. October condo sales increased by 29% month-over-month, to 306, and were 23% above October 2023. The months of inventory for condos in King County, at 3.4, reflected a sellers' market. The condo median price in October was $477,500, a 7% decrease from September and 4% above October 2023. The average sold price was $615,832, 6% below last month; the average PSF sale price was $599, down 2.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 248 720
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$599 $615,832 $477,500 3.4 306 1,031
16% 23% 43%
$611 $654,542 $514,390 4.6 237 1,098
-2% -6% -7% -27% 29% -6%
$585 $594,268 $460,000 2.9
2% 4% 4%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,098
54
1,001
1,031
955
52
874
994
43
720
654
559
692
294 591
494
347
479
325
308
255
306
326
248
311
237
207
191
190
$512K
$514K
$505K
$496K
$493K
$492K
$486K
$490K
$478K
$470K
$465K
$460K
$460K
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.
700
7.0
2 1
4+ bdrms
600
5.0
4.7
500
25
3.6
3 bdrms
3.5
400
75
3.0
2.9
2.6
300
158
200
2 bdrms
515
100
0
122
<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
439
204 707 3.5
54 138 2.6
18 64 3.6
7 20 2.9
4 28 7.0
10 30 3.0
3 14 4.7
6 30 5.0
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. 6 ●
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