snohomish county SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 11% VS 2023
▲ 9% VS 2023
▲ 10% VS 2023
▼ 8% VS 2023
There were 902 single-family home listings in Snohomish County in August, 7% below July and 10% higher than August 2023. August single-family home sales decreased by 8% month-over-month, to 684, and were 8% below August 2023. The months of inventory for single-family home in Snohomish County, at 1.3, re(ected a sellers' market. The single-family home median price in August was $815,663, a 1.7% decrease from July and 9% above August 2023. The average sold price was $906,372, 0.6% below last month and up 11% to August 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 746 820
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
684 902
11% 9% 20% -8% 10%
743 972
-8% -7%
$906,372 $815,663 1.3
$912,157 $830,000 1.3
-0.6% -1.7% 0.8%
$819,696 $749,475 1.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
47
908
866
972 743
902
826
820
42
750
694
40
645
746
746
684
731
564
648
470
453
416
519
488
452
448
414
369
368
$850K
$844K
$830K
$816K
$810K
$775K
$749K
$750K
$750K
$745K
$739K
$740K
$700K
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
600
12.0
500
400
300
200
3.5
2.3
2.2
100
1.5
1.4
1.2
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
479 551 1.2
98 149 1.5
63 88 1.4
35 76 2.2
6 14 2.3
1 12 12.0
2 7 3.5
0 3 n/a
0 1 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. 53 ●
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