bellevue RESIDENTIAL - OCTOBER 2 0 2 3
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 12% VS 2022
▲ 0.8% VS 2022
▲ 12% VS 2022
▼ 21% VS 2022
There were 153 residential listings in Bellevue in October, 22% below September and 21% lower than October 2022. October residential sales increased by 11% month-over-month, to 94, and were 12% above October 2022. The months of inventory for residential in Bellevue, at 1.6, reflected a sellers' market. The residential median price in October was $1,623,000, a 1.7% decrease from September and 0.8% above October 2022. The average sold price was $2,208,408, 10% above last month and up 12% to October 2022.
THIS MONTH No. $2,208,408 $1,623,000 1.6 94 153
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,978,330 $1,610,000 231% 84 194
12% 0.8% -30% 12% -21%
$2,008,780 $1,651,000 2.3 85 195
10% -1.7% -29% 11% -22%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
10
184
194
196 195
193
159
134
158
153
139
106
103
91
7
7
114
113 68
111
94
73
84
85
59
73
70
62
34
$1.96M
$1.83M
$1.74M $1.85M
$1.68M
$1.66M $1.53M
$1.64M $1.65M $1.62M
$1.61M $1.56M
$1.37M
Oct-22
Sep-23
Oct-23
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
60
3.5
50
2.6
2.4
40
2.0
1.7
30
1.3
1.1
20
0.6
0.3
10
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M +
MOI INVENTORY SALES
1 2 2.0
3 4 1.3
15 5 0.3
23 14 0.6
11 12 1.1
6 10 1.7
9 22 2.4
8 21 2.6
18 63 3.5
Copyright © November 20, 2023 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 November 20, 2023. 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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