capitol hill/central seattle SINGLE-FAMILY HOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 41% VS 2023
▼ 12% VS 2023
▼ 11% VS 2023
There were 52 single-family home listings in Capitol Hill/Central Seattle in March, 4% above February and 12% lower than March 2023. March single-family home sales increased by 26% month-over-month, to 39, and were 11% below March 2023. The months of inventory for single-family home in Capitol Hill/Central Seattle, at 1.3, reflected a sellers' market. The single-family home median price in March was $1,525,000, a 18% decrease from February and 41% above March 2023. The average sold price was $1,870,837, 9% below last month and up 19% to March 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
39 52
44 59
19% 41% -0.6% -11% -12%
31 50
-9% -18% -17% 26% 4%
$1,870,837 $1,525,000 1.3
$2,059,755 $1,850,000 1.6
$1,572,938 $1,082,500 1.34
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
86
92
91
89
75
32
80
75
52
52
50
48
59
52
52
44
49
23
39
33
33
36
34
33
31
27
23
19
$1.85M
$1.53M
$1.50M
$1.45M
$1.37M
$1.34M
$1.32M $1.34M $1.31M
$1.23M
$1.19M
$1.08M
$1.09M
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
14
3.0
12
10
2.0
1.8
8
1.5
1.2
1.0
1.0
6
0.8
0.3
4
2
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
13 11 0.8
1 1 1.0
5 9 1.8
9 11 1.2
4 4 1.0
2 3 1.5
1 3 3.0
1 2 2.0
3 1 0.3
0 7 n/a
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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