north seattle TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 12% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 25% VS 2023
▲ 9% VS 2023
▲ 108% VS 2023
▼ 10% VS 2023
There were 38 townhome listings in North Seattle in April, 12% below March and 10% lower than April 2023. April townhome sales remained the same month-over-month, at 27, and were 108% above April 2023. The months of inventory for townhomes in North Seattle, at 1.4, re(ected a sellers' market. The townhome median price in April was $832,500, a 0.1% increase from March and 9% above April 2023. The average sold price was $923,613, 0.4% above last month; the average PSF sale price was $625, up 9% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
27 38
13 42
-56% 108% -10%
27 43
9% 0.4% 0.1% -12% 0% -12%
$625 $923,613 $832,500 1.4
$556 $738,077 $765,000 3.23
$573 $919,659 $832,000 1.6
12% 25% 9%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
41
42
39
38
36
31
35
35
33
27
26
26
31
27
31
27
19
23
21
21
18
12
13
13
13
11
6
6
$1.10M
$842K
$832K
$833K
$773K
$765K
$755K
$729K
$730K
$717K
$690K
$699K
$665K
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
2.0
4 4
14
1.8
4+ bdrms
1.7
12
1.3
10
10
3 bdrms
8
15
0.5
0.3
6
13
4
2 bdrms
16
2
0
<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 4 5 1.3 9 15 1.7 5 9 1.8 3 6 2.0 4 1 0.3 2 1 0.5
3
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. 3 7 ●
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