sodo/beacon hill SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 3.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 8% VS 2023
▲ 35% VS 2023
▼ 43% VS 2023
There were 42 single-family home listings in SODO/Beacon Hill in August, 7% below July and 35% higher than August 2023. August single-family home sales decreased by 19% month-over-month, to 13, and were 43% below August 2023. The months of inventory for single-family home in SODO/Beacon Hill, at 3.2, re+ected a sellers' market. The single-family home median price in August was $780,000, a 13% increase from July and 8% above August 2023. The average sold price was $783,769, 1.9% above last month and up 3% to August 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
13 42
23 31
140% -43% 35%
16 45
1.9% 13% 15% -19% -7%
$783,769 $780,000 3.2
$769,467 $693,250 2.8
$759,731 $719,950 1.3
3% 8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
45
36
35
42
39
32
31
36
27
26
31
29
22
22
23
23
22
21
21
13
17
16
13
15
9
12
9
8
$891K
$850K
$794K
$780K
$762K
$740K
$725K
$720K
$705K
$693K
$645K
$629K
$625K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
35
5.0
30
25
2.8
20
15
10
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
12 33 2.8
1 5 5.0
0 3 n/a
0 1 n/a
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. 46 ●
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