highlights • A l hom etypesrealized m edian sold priceincreasesbetw een A priland M ay,w ith single-fam ily hom esrising5% (thehighestm onth-over-m onth increasein twom onths).Townhom epricesrose 2% whilecondopriceswereup 3%. • Continuingatrend thathasbeen noted overthepastseveralm onths,pricesin M aywereabove lastyear’slevelsforal hom etypes.Single-fam ilyhom epriceswere12% abovelastyear(m arking seven consecutivem onthsofpricesbeinghigheryear-over-year)whiletownhom eand condo priceswereboth 8% aboveM ay2023 (m arkingeightconsecutivem onthsofpricesbeinghigher year-over-year).
KINGCOUNTY THERENNIEADVANCE median prices
MAY 2024
•
$1,200,000
KingCounty
$1,090,000
$1,000,000
$800,000
$600,000
+ 12% vsM ay2023
$400,000
SINGLE-FAMILY HOME median salesprice
$200,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
KingCounty
$800,000
$789,000
$600,000
$400,000
+ 8% vsM ay2023
TOWNHOME median salesprice
$200,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
$600,000
KingCounty
$500,000
$505,000
$400,000
$300,000
+ 8% vsM ay2023
$200,000
CONDO median salesprice
$100,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
● May
Inform ation and statisticsderived from NorthwestM ultipleListingService. Copyright© June3,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofJune3,2024.W hiletheinform ationanddatacontainedhereinhas be nobtained from sourcesde m ed reliable,ac uracycannotbeguarante d.ren iegroup ofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacing anyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatany tim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 6 ●
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