kent SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 13% VS 2023
▲ 9% VS 2023
▲ 13% VS 2023
▼ 20% VS 2023
There were 98 single-family home listings in Kent in November, 25% below October and 13% higher than November 2023. November single-family home sales decreased by 21% month-over-month, to 60, and were 20% below November 2023. The months of inventory for single-family home in Kent, at 1.6, reflected a sellers' market. The single-family home median price in November was $717,500, a 5% increase from October and 9% above November 2023. The average sold price was $801,377, 4% below last month and up 13% 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
60 98
75 87
13% 9% 41% -20% 13%
$836,844 $682,475 1.7 76 131
-21% -25%
$801,377 $717,500 1.6
-4% 5% -5%
$710,679 $660,000 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
131
63
138
118
133
133
115
57
102
91
52
87
83
98
76
88
75
65
64
63
62
79
70
60
65
62
60
53
47
$758K
$730K
$722K
$718K
$712K
$707K
$700K
$690K
$685K
$682K
$675K
$670K
$660K
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
9.0
25
20
15
2.9
2.8
10
1.0
1.0
0.9
5
0
<$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
14 12 0.9
27 27 1.0
10 29 2.9
6 17 2.8
1 9 9.0
0 2 n/a
2 2 1.0
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. 28 ●
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