burien/normandy park SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 25% VS 2023
▲ 1.2% VS 2023
▲ 11% VS 2023
▲ 15% VS 2023
There were 107 single-family home listings in Burien/Normandy Park in November, 12% below October and 11% higher than November 2023. November single-family home sales decreased by 20% month-over-month, to 60, and were 15% above November 2023. The months of inventory for single-family home in Burien/Normandy Park, at 1.8, reflected a sellers' market. The single-family home median price in November was $642,500, a 10% decrease from October and 1.2% above November 2023. The average sold price was $825,664, 4% above last month and up 25% 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
$825,664 $642,500 1.8 60 107
52 96
25% 1.2% -3% 15% 11%
$792,017 $710,000 1.6 75 121
4% -10% 11% -20% -12%
$661,281 $635,000 1.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
140
43
42
40
126
104
121
107
96
113
83
82
75
71
71
87
66
78
56
60
67
50 66
64
52
60
60
59
48
$733K
$720K
$718K
$710K
$695K
$700K
$680K
$675K
$659K
$650K
$643K
$635K
$597K
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
70
5.0
5.0
60
4.0
4.0
50
40
30
1.4
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 70 1.4
4 16 4.0
2 10 5.0
1 5 5.0
1 4 4.0
2 0 n/a
0 1 n/a
0 1 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. 16 ●
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