bellevue west of 405 SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 2.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 11% VS 2023
▼ 9% VS 2023
▼ 21% VS 2023
0.0% VS 2023
There were 49 single-family home listings in Bellevue West of 405 in April, 9% below March and 21% lower than April 2023. April single-family home sales decreased by 8% month-over-month, to 24, and were the same in April 2023. The months of inventory for single-family home in Bellevue West of 405, at 2.0, re(ected a sellers' market. The single-family home median price in April was $3,255,000, a 18% decrease from March and 9% below April 2023. The average sold price was $3,821,083, 10% below last month and down 11% to April 2023.
PREVIOUS YEAR
No.
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
24 49
24 62
-11% -9% -21% 0% -21%
26 54
-8% -9%
$3,821,083 $3,255,000 2.0
$4,234,899 $3,985,000 2.1
-10% -18% -1.7%
$4,294,224 $3,565,000 2.58
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
38
64
36
69
69
58
62
54
61
59
49
35
41
31
29
37
28
26
24
28
24
20
19
18
16
12
11
8
$4.14M
$3.90M
$3.77M $4.05M $3.78M $3.99M
$3.57M
$3.49M
$3.21M
$3.26M
$3.20M
$2.83M
$2.76M
Apr-23
Mar-24
Apr-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
7.0
25
20
4.5
15
2.0
10
1.0
0.7
0.7
5
0.2
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
1 0 n/a
3 2 0.7
3 2 0.7
2 4 2.0
6 1 0.2
3 3 1.0
2 9 4.5
4 28 7.0
Copyright © May 8, 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 May 8, 2024. All data from Northwest Multiple Listing Service & rennie. 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 or revised at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 1 3 ●
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