burien/normandy park TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 4.9 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 63% VS 2023
▲ 14% VS 2023
▼ 21% VS 2023
▼ 31% VS 2023
There were 39 townhome listings in Burien/Normandy Park in April, 77% above March and 63% higher than April 2023. April townhome sales increased by month-over-month, to 8, and were 14% above April 2023. The months of inventory for townhomes in Burien/Normandy Park, at 4.9, re*ected a balanced market. The townhome median price in April was $469,997, a change from March and 31% below April 2023. The average sold price was $505,243, no change to last month; the average PSF sale price was $326, no change to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No. 22
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$326 $505,243 $469,997 4.9 8 39
$354 $640,118 $680,000 3.43 7 24
-8% -21% -31% 42% 14% 63%
% % % % % 77%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
60
39
50
24
24
22
24
21
19
23
22
15
18
12
16
10
9
8
8
7
9
9
8
8
8
5
6
$680K
$573K
$490K
$480K
$480K
$470K
$465K
$419K
$412K
$375K
$370K
$318K
Apr-23
Mar-24
Apr-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.
16
15.0
14
4+ bdrms
11
12
10
2
9.0
3 bdrms
8
17
6
4.5
5
4
2 bdrms
2.5
10
2
0
1 1
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 2 0 n/a 2 9 4.5 1 9 9.0 1 15 15.0 2 5 2.5 0 1 n/a
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 7 ●
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