lake forest park SINGLE-FAMILY HOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 0.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 11% VS 2023
▼ 59% VS 2023
▼ 14% VS 2023
There were 11 single-family home listings in Lake Forest Park in March, 8% below February and 59% lower than March 2023. March single-family home sales increased by 107% month-over-month, to 31, and were 14% below March 2023. The months of inventory for single-family home in Lake Forest Park, at 0.4, reflected a sellers' market. The single-family home median price in March was $1,005,000, a 1.5% increase from February and 11% above March 2023. The average sold price was $1,038,805, 5% below last month and up 10% to March 2023.
PREVIOUS YEAR
No.
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
31 11
36 27
10% 11% -53% -14% -59%
15 12
-5% 1.5% -56% 107% -8%
$1,038,805 $1,005,000 0.4
$1,098,200 $990,000 0.8
$948,047 $905,000 0.75
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
35
30
36
29
29
32
31
31
27
30
30
27
29
29
28
23
22
23
23
20
15
13
15
14
11
12
9
9
$1.08M
$999K
$990K $1.00M
$960K
$905K
$910K
$895K
$880K
$875K
$863K
$850K
$830K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
14
0.5
0.3
12
0.3
0.2
10
8
6
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
14 4 0.3
9 3 0.3
6 1 0.2
2 1 0.5
0 1 n/a
0 1 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. 3 3 ●
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