snohomish county TOWNHOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16% VS 2023
▲ 14% VS 2023
▲ 105% VS 2023
▲ 38% VS 2023
There were 227 townhome listings in Snohomish County in August, 0.4% above July and 105% higher than August 2023. August townhome sales increased by 18% month-over-month, to 184, and were 38% above August 2023. The months of inventory for townhomes in Snohomish County, at 1.2, re(ected a sellers' market. The townhome median price in August was $658,400, a 7% increase from July and 14% above August 2023. The average sold price was $693,683, 3% above last month; the average PSF sale price was $415, up 1.3% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 133 111
% Change
No. 156 226
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
184 227
9% 16% 14% 48% 38% 105%
1.3% 3% 7% -15% 18% 0.4%
$415 $693,683 $658,400 1.2
$381 $598,244 $575,995 0.8
$409 $676,418 $616,855 1.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
57
227
226
181
172
184
166
162
152
140
135
156
152
133
42
113
112
40
107
96
87
111
111
110
105
87
88
86
81
$673K
$658K
$636K
$639K
$635K
$627K
$635K
$635K
$633K
$617K
$610K
$595K
$576K
Aug-23
Jul-24
Aug-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
100
2.3
59
4+ bdrms
80
54
1.9
60
74
1.0
3 bdrms
0.9
0.9
111
40
47
2 bdrms
20
57
0
4
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 0 1 n/a 0 1 n/a 50 93 1.9 91 84 0.9 26 23 0.9 11 11 1.0 6 14 2.3
5
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. 54 ●
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