king county TOWNHOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 14% VS 2023
▲ 7% VS 2023
▲ 8% VS 2023
▲ 20% VS 2023
There were 558 townhome listings in King County in April, 16% above March and 8% higher than April 2023. April townhome sales increased by 1.9% month-over-month, to 429, and were 20% above April 2023. The months of inventory for townhomes in King County, at 1.3, re(ected a sellers' market. The townhome median price in April was $770,000, a 1.9% decrease from March and 7% above April 2023. The average sold price was $855,436, 1.4% below last month; the average PSF sale price was $563, up 1.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
% Change
No. 357 515
No. 421 481
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
429 558
9% 14% 7% -10% 20% 8%
1.5% -1.4% -1.9% 14% 1.9% 16%
$563 $855,436 $770,000 1.3
$517 $747,193 $719,990 1.44
$555 $867,560 $785,000 1.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
660
40
40
603
39
592
575
528
558
583
481
515
457
525
406
429
426
421
338
335
328
402
357
396
375
345
269
235
222
$785K
$770K
$761K
$740K
$739K
$729K
$725K
$725K
$730K
$720K
$720K
$721K
$700K
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.
200
2.6
45
4+ bdrms
2.2
72
150
1.5
1.4
198
1.2
3 bdrms
1.0
100
1.0
221
0.9
172
50
2 bdrms
224
0
14
<$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 98 114 1.2 142 195 1.4 84 125 1.5 54 56 1.0 30 26 0.9 11 24 2.2 5 13 2.6 5 5 1.0
<2 bdrms
41
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. 5 ●
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