eastside south SINGLE-FAMILY HOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21% VS 2023
▲ 24% VS 2023
▲ 19% VS 2023
▼ 9% VS 2023
There were 50 single-family home listings in Eastside South in March, 6% above February and 9% lower than March 2023. March single-family home sales increased by 113% month-over-month, to 64, and were 19% above March 2023. The months of inventory for single-family home in Eastside South, at 0.8, reflected a sellers' market. The single-family home median price in March was $1,792,937, a 11% increase from February and 24% above March 2023. The average sold price was $1,959,069, 17% above last month and up 21% 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
64 50
54 55
21% 24% -23% 19% -9%
30 47
17% 11% -50% 113% 6%
$1,959,069 $1,792,937 0.8
$1,672,919 $1,614,500 1.6
$1,619,231 $1,449,950 1.02
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
96
49
79
78
69
68
64
71
68
67
54
66
51
55
49
60
35
47
50
42
50
46
34
45
43
30
32
30
26
$1.83M
$1.79M
$1.71M
$1.63M $1.70M
$1.61M
$1.55M $1.64M
$1.45M $1.42M $1.52M $1.50M
$1.32M
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
25
1.1
1.0
1.0
0.9
20
0.8
0.5
0.4
15
10
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 1 1.0
6 3 0.5
9 10 1.1
23 10 0.4
9 7 0.8
9 8 0.9
7 7 1.0
0 1 n/a
0 3 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. 2 4 ●
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