king county SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 14% VS 2023
▲ 14% VS 2023
▲ 18% VS 2023
▼ 15% VS 2023
There were 1,327 single-family home listings in King County in April, 13% above March and 15% lower than April 2023. April single-family home sales increased by 20% month-over-month, to 1,574, and were 18% above April 2023. The months of inventory for single-family home in King County, at 0.8, re(ected a sellers' market. The single-family home median price in April was $1,050,000, a 0.9% decrease from March and 14% above April 2023. The average sold price was $1,344,451, 0.7% above last month and up 14% 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
1,574 1,327
1,334 1,562
14% 14% -28% 18% -15%
1,307 1,173
20% 13%
$1,344,451 $1,050,000 0.8
$1,334,589 $1,060,000 0.9
0.7% -0.9% -6%
$1,183,400 $920,000 1.17
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,113
35
1,951
1,852
1,824
33
32
1,531 1,960
1,661
1,327 1,574
1,562 1,334
1,700
1,407
1,569
1,307
1,270
1,484
1,104
1,304
907
1,173
876
1,096
973
880
690
$1.02M $1.06M $1.05M
$985K
$980K
$969K
$935K
$926K
$920K
$917K
$900K
$900K
$890K
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
800
7.0
700
600
500
4.0
400
2.9
300
1.5
1.4
200
0.7
0.7
0.7
0.7
0.7
100
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
743 531 0.7
190 142 0.7
166 120 0.7
229 171 0.7
114 85 0.7
54 81 1.5
52 74 1.4
10 29 2.9
6 24 4.0
10 70 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. 4 ●
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