west seattle SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.2% VS 2023
▲ 11% VS 2023
▲ 38% VS 2023
▲ 1.4% VS 2023
There were 116 single-family home listings in West Seattle in August, 3% below July and 38% higher than August 2023. August single-family home sales decreased by 28% month-over-month, to 72, and were 1.4% above August 2023. The months of inventory for single-family home in West Seattle, at 1.6, re'ected a sellers' market. The single-family home median price in August was $888,000, a 3% decrease from July and 11% above August 2023. The average sold price was $1,010,462, 3% below last month and up 1.2% to August 2023.
THIS MONTH No. $1,010,462 $888,000 1.6 72 116
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
71 84
1.2% 11% 36% 1.4% 38%
100 119
-3% -3% 35% -28% -3%
$1,044,653 $917,500 1.2
$998,250 $799,950 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
34
34
116
119
104
104
100
96
93
91
100
82
96
94
84
76
76
85
71
57
72
68
67
64
64
53
43
35
$925K
$915K
$918K
$888K
$882K
$880K
$879K
$885K
$875K
$855K
$800K
$790K
$735K
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
70
4.0
60
50
40
1.9
1.8
1.5
30
1.0
1.0
20
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
48 71 1.5
8 15 1.9
8 14 1.8
6 6 1.0
1 1 1.0
1 4 4.0
0 4 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. 50 ●
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