renton TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▼ 1.1% VS 2023
▼ 9% VS 2023
▼ 13% VS 2023
There were 7 townhome listings in Renton in April, 40% above March and 13% lower than April 2023.
April townhome sales increased by 18% month-over-month, to 13, and were 8% above April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No.
No.
% Change
The months of inventory for townhomes in Renton, at 0.5, re&ected a sellers' market.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$383 $488,326 $480,000 0.5 13 7
$375 $493,825 $529,500 0.67 12 8
2% -1.1% -9% -19% 8% -13%
$413 $626,791 $565,000 0.5 11 5
-7% -22% -15% 18% 18% 40%
The townhome median price in April was $480,000, a 15% decrease from March and 9% below April 2023. The average sold price was $488,326, 22% below last month; the average PSF sale price was $383, down 7% to last month.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
32
45
29
39
36
20
21
21
16
15
12
16
12
12
15
11
13
12
14
14
9
12
11
11
8
10
7
7
5
$565K
$550K
$530K
$520K
$500K
$504K
$495K
$498K
$480K
$455K
$410K
$395K
$368K
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.
5
1.0
4+ bdrms
0.7
4
0.5
4
3
0.2
3 bdrms
3
2
7
2 bdrms
4
1
0
2
<2 bdrms
<$300K $300K-399K $400K-499K $500K-599K $600K-699K $700K-799K $800K-899K $900K-999K $1M+ MOI INVENTORY SALES 0 1 n/a 2 2 1.0 1 0 n/a 2 1 0.5 3 2 0.7 5 1 0.2
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 3 ●
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