west seattle SINGLE-FAMILY HOME - MARCH 2 0 2 4
MONTHS OF INVENTORY 0.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.2% VS 2023
▲ 19% VS 2023
▲ 7% VS 2023
▼ 1.3% VS 2023
There were 68 single-family home listings in West Seattle in March, 6% below February and 19% higher than March 2023. March single-family home sales increased by 33% month-over-month, to 76, and were 7% above March 2023. The months of inventory for single-family home in West Seattle, at 0.9, reflected a sellers' market. The single-family home median price in March was $855,000, a 3% decrease from February and 1.2% above March 2023. The average sold price was $967,037, 2% below last month and down 1.3% 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
76 68
71 57
-1.3% 1.2% 11% 7% 19%
57 72
-2% -3% -29% 33% -6%
$967,037 $855,000 0.9
$988,469 $879,000 1.3
$980,111 $845,000 0.80
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
80 97
94
36
88
86
96 82
82
33
78
76
87
32
85
72
83
70
68
71
71
57
57
56
55
43 55
53
35
$925K
$898K
$882K
$880K
$879K
$865K
$855K
$845K
$820K
$830K
$800K
$790K
$735K
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
4.0
4.0
50
40
30
1.3
20
0.8
0.6
0.3
10
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
52 43 0.8
7 9 1.3
8 5 0.6
7 2 0.3
1 4 4.0
1 4 4.0
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. 49 ●
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