queen anne/magnolia SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 25% VS 2023
▲ 24% VS 2023
▲ 11% VS 2023
There were 56 single-family home listings in Queen Anne/Magnolia in April, 13% below March and 24% higher than April 2023. April single-family home sales increased by 29% month-over-month, to 40, and were 11% above April 2023. The months of inventory for single-family home in Queen Anne/Magnolia, at 1.4, re(ected a sellers' market. The single-family home median price in April was $1,698,000, a 10% increase from March and 25% above April 2023. The average sold price was $1,685,286, 0.3% above last month and up 9% to April 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
40 56
36 45
9% 25% 12% 11% 24%
31 64
0.3% 10% -32% 29% -13%
$1,685,286 $1,698,000 1.4
$1,680,952 $1,550,000 2.1
$1,546,486 $1,354,500 1.25
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
69
36
64
72
57
57
32
54
56
47
51
41
28
45 36
49
40
34
31
39
30
39
37
33
32
31
27
22
14
$1.70M
$1.56M $1.52M
$1.45M $1.55M
$1.41M $1.40M
$1.35M $1.43M $1.42M
$1.27M
$1.26M $1.35M
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
14
3.5
12
10
2.2
8
1.5
1.2
6
1.0
0.5
4
0.4
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
6 13 2.2
7 3 0.4
5 6 1.2
11 5 0.5
6 9 1.5
3 3 1.0
2 7 3.5
0 3 n/a
0 4 n/a
0 3 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. 39 ●
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