bellevue RESIDENTIAL - DECEMBER 2 0 2 3
MONTHS OF INVENTORY 1.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 26% VS 2022
▲ 32% VS 2022
▲ 1.7% VS 2022
▼ 32% VS 2022
There were 65 residential listings in Bellevue in December, 32% below November and 32% lower than December 2023. December residential sales decreased by 12% month-over-month, to 60, and were 1.7% above December 2023. The months of inventory for residential in Bellevue, at 1.1, reflected a sellers' market. The residential median price in December was $1,815,000, a 5% increase from November and 32% above December 2023. The average sold price was $2,230,486, 11% above last month and up 26% to December 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
60 65
59 96
26% 32% -33% 1.7% -32%
68 96
11% 5% -23% -12% -32%
$2,230,486 $1,815,000 1.1
$2,011,071 $1,733,000 1.4
$1,770,440 $1,370,000 163%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
152
19
142
18
128
128
103 144
108
99
94
91
96
106
84
100
96
73
89
85
59
65
73
68
68
62
60
34
7
$1.96M
$1.83M
$1.74M $1.85M
$1.73M $1.82M
$1.68M
$1.66M $1.53M
$1.64M $1.65M $1.62M
$1.37M
Dec-22
Nov-23
Dec-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
3.8
30
25
20
1.7
15
0.7
10
0.6
0.3
0.2
0.2
5
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M +
MOI INVENTORY SALES
0 2 n/a
1 0 n/a
9 2 0.2
10 3 0.3
9 2 0.2
5 3 0.6
10 7 0.7
7 12 1.7
9 34 3.8
Copyright © January 8, 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 January 8, 2024. All data from Northwest Multiple Listing Service & Rennie. 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.
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