ballard/greenlake SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 19% VS 2023
▲ 58% VS 2023
▼ 11% VS 2023
There were 115 single-family home listings in Ballard/Greenlake in August, 9% below July and 58% higher than August 2023. August single-family home sales decreased by 33% month-over-month, to 92, and were 11% below August 2023. The months of inventory for single-family home in Ballard/Greenlake, at 1.3, re(ected a sellers' market. The single-family home median price in August was $1,044,250, a 6% increase from July and 19% above August 2023. The average sold price was $1,144,827, 1.6% below last month and up 15% to August 2023.
THIS MONTH No. $1,144,827 $1,044,250 1.3 92 115
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$998,746 $881,000 0.7 103 73
15% 19% 76% -11% 58%
137 126
-1.6% 6% 36% -33% -9%
$1,163,329 $985,500 0.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
145
137
32
32
126
30
133
111
126
115
103
103
101
99
96
104
92
69
86
84
82
61
73
55
73
66
63
55
41
$1.16M
$1.11M
$1.08M
$1.02M
$986K
$990K
$995K
$986K $1.04M
$975K
$945K
$905K
$881K
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
7.0
40
30
20
2.0
1.5
1.2
1.1
10
1.0
1.0
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
42 42 1.0
18 21 1.2
16 17 1.1
10 20 2.0
4 6 1.5
1 7 7.0
1 1 1.0
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. 7 ●
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