capitol hill/central seattle TOWNHOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 4.2 BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 12% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 70% VS 2023
▲ 15% VS 2023
▼ 5% VS 2023
▼ 12% VS 2023
There were 97 townhome listings in Capitol Hill/Central Seattle in November, 8% below October and 70% higher than November 2023. November townhome sales decreased by 34% month-over-month, to 23, and were 15% above November 2023. The months of inventory for townhomes in Capitol Hill/Central Seattle, at 4.2, reflected a balanced market. The townhome median price in November was $759,000, a 21% decrease from October and 12% below November 2023. The average sold price was $822,993, 14% below last month; the average PSF sale price was $584, down 6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
23 97
20 57
-12% -5% -12% 48% 15% 70%
$620 $960,553 $960,000 3.0 35 106
-6% -14% -21% 39% -34% -8%
$584 $822,993 $759,000 4.2
$665 $870,095 $865,000 2.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
50
100
108
106
105
47
97
87
92
41
65
61
72
55
57
59
44
53
35
35
35
23
36
23
20
26
24
21
15
$990K
$960K
$960K
$910K
$910K
$865K
$855K
$802K
$799K
$797K
$790K
$777K
$759K
Nov-23
Oct-24
Nov-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
30
5.8
2
4+ bdrms
25
5
4.5
4.3
20
3.5
10
3 bdrms
2.8
38
15
10
8
2 bdrms
40
5
0
3
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 4 17 4.3 8 22 2.8 5 29 5.8 4 18 4.5 2 7 3.5 0 4 n/a
14
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. 20 ●
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