bellevue east of 405 SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 0.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 18% VS 2023
▼ 4% VS 2023
▼ 5% VS 2023
▼ 5% VS 2023
There were 35 single-family home listings in Bellevue East of 405 in November, 27% below October and 5% lower than November 2023. November single-family home sales decreased by 34% month-over-month, to 41, and were 5% below November 2023. The months of inventory for single-family home in Bellevue East of 405, at 0.9, reflected a sellers' market. The single-family home median price in November was $1,510,000, a 6% decrease from October and 4% below November 2023. The average sold price was $1,727,183, 12% below last month and down 18% to November 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
41 35
43 37
-5% -5%
62 48
-12% -6% 10% -34% -27%
$1,727,183 $1,510,000 0.9
$1,957,788 $1,601,500 0.8
$2,100,270 $1,575,000 0.9
-18% -4% -0.8%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
35
70
34
77
74
62
61
56
63
60
58
57
43
43 37
48
37
46
41
45
35
39
36
35
21
24
22
16
$1.78M
$1.75M
$1.60M $1.60M $1.55M
$1.60M $1.51M
$1.58M $1.50M
$1.56M $1.68M $1.62M $1.66M
Nov-23
Oct-24
Nov-24
▶ 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
4.0
3.5
10
8
2.0
6
1.0
4
0.3
0.2
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
1 4 4.0
3 0 n/a
14 4 0.3
13 3 0.2
6 6 1.0
1 5 5.0
2 7 3.5
1 2 2.0
0 1 n/a
0 3 n/a
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 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 December 9, 2024. 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 at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 10 ●
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