bellevue west of 405 SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 2.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.8% VS 2023
▲ 12% VS 2023
▲ 9% VS 2023
▼ 4% VS 2023
There were 75 single-family home listings in Bellevue West of 405 in August, 6% above July and 9% higher than August 2023. August single-family home sales increased by 8% month-over-month, to 27, and were 4% below August 2023. The months of inventory for single-family home in Bellevue West of 405, at 2.8, re(ected a sellers' market. The single-family home median price in August was $3,900,000, a 1.3% increase from July and 12% above August 2023. The average sold price was $4,108,044, 15% below last month and up 0.8% to August 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
27 75
28 69
0.8% 12% 13% -4% 9%
25 71
8% 6%
$4,108,044 $3,900,000 2.8
$4,859,223 $3,850,000 2.8
-15% 1.3% -2%
$4,077,382 $3,487,500 2.5
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
71
63
75
69
61
58
64
54
58
49
44
43
31
31
40
28
37
26
27
31
26
25
34
23
18
16
12
11
8
$4.14M
$3.95M $3.85M $3.90M
$3.77M $4.05M $3.78M $3.99M
$3.55M
$3.49M
$3.21M
$3.26M
$2.83M
Aug-23
Jul-24
Aug-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
13.7
40
30
20
10
2.5
2.0
1.6
1.5
0.8
0.5
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 2 2.0
2 3 1.5
4 2 0.5
8 13 1.6
5 4 0.8
4 10 2.5
3 41 13.7
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 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 September 9, 2024. 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. 13 ●
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