bellevue west of 405 SINGLE-FAMILY HOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▲ 14% VS 2023
▲ 63% VS 2023
▼ 10% VS 2023
There were 54 single-family home listings in Bellevue West of 405 in March, 32% above February and 10% lower than March 2023. March single-family home sales increased by 44% month-over-month, to 26, and were 63% above March 2023. The months of inventory for single-family home in Bellevue West of 405, at 2.1, reflected a sellers' market. The single-family home median price in March was $3,985,000, a 6% increase from February and 14% above March 2023. The average sold price was $4,234,899, 8% above last month and up 17% to March 2023.
PREVIOUS YEAR
No.
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
26 54
16 60
17% 14% -45% 63% -10%
18 41
8% 6% -9% 44% 32%
$4,234,899 $3,985,000 2.1
$3,916,019 $3,775,000 2.3
$3,629,613 $3,505,000 3.75
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
51
64
62
69
69
58
60
54
61
59
35
36
41
31
35
29
37
28
24
26
28
16
20
19
18
16
12
11
8
$4.14M
$3.90M
$3.77M $4.05M $3.78M $3.99M
$3.51M $3.57M
$3.49M
$3.21M
$3.20M
$2.83M
$2.76M
Mar-23
Feb-24
Mar-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
7.0
25
5.8
20
15
10
1.3
1.3
0.8
0.5
5
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
1 0 n/a
1 0 n/a
4 2 0.5
3 4 1.3
5 4 0.8
6 8 1.3
1 7 7.0
5 29 5.8
Copyright © April 10, 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 April 10, 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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