belltown/downtown seattle CONDO - MARCH 2 0 2 4
MONTHS OF INVENTORY 3.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 7% VS 2023
▲ 14% VS 2023
▲ 19% VS 2023
There were 159 condo listings in Belltown/Downtown Seattle in March, 13% above February and 14% higher than March 2023. March condo sales increased by 46% month-over-month, to 51, and were 19% above March 2023. The months of inventory for condos in Belltown/Downtown Seattle, at 3.1, reflected a sellers' market. The condo median price in March was $599,000, a 17% decrease from February and 7% above March 2023. The average sold price was $791,003, 13% below last month; the average PSF sale price was $809, down 6% to last month.
PREVIOUS YEAR
No.
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$809 $791,003 $599,000 3.1 51 159
$793 $732,246 $560,000 3.26 43 140
2% 8% 7% -4% 19% 14%
$857 $910,513 $719,000 4.0 35 141
-6% -13% -17% -23% 46% 13%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
171
55
165
180
175
159
145
141
162
153
140
144
44
116
108
35
53
51
39
43
29
27
39
38
38
35
33
22
18
$905K
$719K
$703K
$664K
$643K
$625K
$599K
$588K
$583K
$574K
$573K
$560K
$550K
Mar-23
Feb-24
Mar-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.
14.0
60
4+ bdrms
1
50
11.0
40
2
3 bdrms
10
30
5.0
20
18
3.4
3.3
3.0
2 bdrms
2.4
63
10
1.3
0
31
<$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 1 11 11.0 3 4 1.3 3 9 3.0 1 5 5.0 1 14 14.0 26 62 2.4 9 31 3.4 7 23 3.3
<2 bdrms
85
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. 15 ●
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