bellevue west of 405 SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 20% VS 2023
▲ 25% VS 2023
▲ 82% VS 2023
▼ 0.2% VS 2023
There were 50 single-family home listings in Bellevue West of 405 in November, 25% below October and 25% higher than November 2023. November single-family home sales decreased by 5% month-over-month, to 20, and were 82% above November 2023. The months of inventory for single-family home in Bellevue West of 405, at 2.5, reflected a sellers' market. The single-family home median price in November was $3,390,000, a 1.7% decrease from October and 20% above November 2023. The average sold price was $3,948,344, 8% above last month and down 0.2% to November 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
20 50
11 40
82% 25%
21 67
8% -1.7% -22% -5% -25%
$3,948,344 $3,390,000 2.5
$3,670,056 $3,450,000 3.2
$3,955,545 $2,825,000 3.6
-0.2% 20% -31%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
81
55
71
67
75
58
54
58
42
50
49
40
44
36
31
37
27
26
31
26
25
20
24
23
21
18
11
16
12
$4.05M
$3.95M $3.85M $3.90M
$3.77M
$3.78M $3.99M
$3.61M $3.45M $3.39M
$3.55M
$3.26M
$2.83M
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
30
9.7
25
20
15
10
1.3
5
0.8
0.3
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
0 1 n/a
0 1 n/a
4 1 0.3
3 0 n/a
4 5 1.3
6 5 0.8
0 8 n/a
3 29 9.7
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. 13 ●
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