queen anne/magnolia SINGLE-FAMILY HOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 22% VS 2023
▲ 33% VS 2023
▲ 47% VS 2023
▼ 14% VS 2023
There were 63 single-family home listings in Queen Anne/Magnolia in March, 54% above February and 47% higher than March 2023. March single-family home sales decreased by 21% month-over-month, to 31, and were 14% below March 2023. The months of inventory for single-family home in Queen Anne/Magnolia, at 2.0, reflected a sellers' market. The single-family home median price in March was $1,550,000, a 7% increase from February and 33% above March 2023. The average sold price was $1,680,952, 2% below last month and up 22% 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
31 63
36 43
22% 33% 70% -14% 47%
39 41
-2% 7% 93% -21% 54%
$1,680,952 $1,550,000 2.0
$1,717,890 $1,450,000 1.1
$1,378,232 $1,169,000 1.19
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
69
36
35
72
63
57
57
32
54
47
51
41
49
43 36
45 36
34
31
39
30
39
37
31
33
32
27
22
14
$1.56M $1.52M
$1.55M
$1.41M $1.40M
$1.35M $1.43M $1.42M
$1.35M $1.45M
$1.27M
$1.26M
$1.17M
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
5.0
12
10
3.0
8
2.2
6
1.3
1.0
4
0.4
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
2 10 5.0
7 3 0.4
6 13 2.2
8 10 1.3
2 6 3.0
6 6 1.0
0 6 n/a
0 4 n/a
0 2 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. 3 8 ●
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