west seattle SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 18% VS 2023
▲ 12% VS 2023
▲ 6% VS 2023
▼ 1.4% VS 2023
There were 69 single-family home listings in West Seattle in April, 5% above March and 1.4% lower than April 2023.
April single-family home sales increased by 20% month-over-month, to 91, and were 6% above April 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
% Change
No.
% Change
The months of inventory for single-family home in West Seattle, at 0.8, re(ected a sellers' market. The single-family home median price in April was $915,000, a 7% increase from March and 12% above April 2023. The average sold price was $1,126,908, 17% above last month and up 18% to April 2023.
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
91 69
86 70
18% 12% -7% 6% -1.4%
76 66
17% 7% -13% 20% 5%
$1,126,908 $915,000 0.8
$967,037 $855,000 0.9
$954,768 $819,995 0.81
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
80 97
94
82 96
33
91
32
88
31
82
86
78
76
87
85
83
70
70
69
71
66
57
56
55
55
53
43
35
$925K
$915K
$898K
$882K
$880K
$879K
$865K
$855K
$820K
$830K
$800K
$790K
$735K
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
50
1.0
1.0
1.0
0.9
40
0.5
0.5
0.5
30
20
10
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
50 44 0.9
13 6 0.5
12 6 0.5
8 4 0.5
4 4 1.0
1 1 1.0
3 3 1.0
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. 5 0 ●
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