renton SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 13% VS 2023
▼ 9% VS 2023
▼ 4% VS 2023
There were 91 single-family home listings in Renton in April, 26% above March and 9% lower than April 2023. April single-family home sales increased by 29% month-over-month, to 111, and were 4% below April 2023. The months of inventory for single-family home in Renton, at 0.8, re&ected a sellers' market. The single-family home median price in April was $850,000, a 8% increase from March and 13% above April 2023. The average sold price was $935,313, 9% above last month and up 9% to April 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
% Change
No. 116 100
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$935,313 $850,000 0.8 111 91
9% 13% -5% -4% -9%
86 72
9% 8% -2% 29% 26%
$859,706 $789,500 0.8
$857,890 $750,000 0.86
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
40
138
152
150
126
119
111
100 116
126
33
101
99
98
32
109
105
86
103
91
97
77
62
62
72
65
63
62
54
$850K
$850K
$795K
$792K
$790K
$775K
$772K
$765K
$763K
$760K
$750K
$740K
$701K
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
40
1.3
1.1
1.0
0.9
30
0.8
0.6
0.5
20
10
0
<$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
13 12 0.9
38 29 0.8
28 15 0.5
14 16 1.1
7 7 1.0
8 5 0.6
3 4 1.3
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. 4 2 ●
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