sodo/beacon hill SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 1.4 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 3% VS 2023
▼ 47% VS 2023
▼ 26% VS 2023
There were 23 single-family home listings in SODO/Beacon Hill in April, 15% below March and 47% lower than April 2023. April single-family home sales increased by 42% month-over-month, to 17, and were 26% below April 2023. The months of inventory for single-family home in SODO/Beacon Hill, at 1.4, re+ected a sellers' market. The single-family home median price in April was $762,000, a 4% decrease from March and 3% above April 2023. The average sold price was $840,088, 7% above last month and up 6% 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
17 23
23 43
-28% -26% -47%
12 27
7% -4% -40% 42% -15%
$840,088 $762,000 1.4
$787,875 $793,750 2.3
$790,520 $739,000 1.87
6% 3%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
45
43
44
38
38
30
34
36
27
31
25
23
22
22
23
23
29
17
19
13
18
18
15
9
13
12
9
8
$891K
$845K
$795K
$794K
$762K
$739K
$740K
$716K
$720K
$705K
$645K
$629K
$625K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
14
5.0
12
10
8
6
1.3
4
0.8
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
13 10 0.8
3 4 1.3
1 5 5.0
0 3 n/a
0 1 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 6 ●
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