north seattle SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.0 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16% VS 2023
▲ 17% VS 2023
▲ 31% VS 2023
▲ 48% VS 2023
There were 77 single-family home listings in North Seattle in November, 27% below October and 31% higher than November 2023. November single-family home sales decreased by 28% month-over-month, to 74, and were 48% above November 2023. The months of inventory for single-family home in North Seattle, at 1.0, reflected a sellers' market. The single-family home median price in November was $1,182,500, a 11% increase from October and 17% above November 2023. The average sold price was $1,358,958, 12% above last month and up 16% 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
74 77
50 59
16% 17% -12% 48% 31%
103 106
12% 11% 1.1% -28% -27%
$1,358,958 $1,182,500 1.0
$1,213,321 $1,065,000 1.0
$1,175,073 $1,007,995 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
129
136
135
35
35
123
106
99
30
113
96
103
97
80
69
77
78
59
58
74
51
65
60
50
58
40
56
36
31
$1.29M
$1.19M
$1.17M $1.13M
$1.18M
$1.16M
$1.13M $1.07M
$1.01M
$1.00M
$993K
$980K
$915K
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
1.8
25
1.1
20
1.0
1.0
0.8
0.8
0.7
15
10
5
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
28 28 1.0
11 9 0.8
15 16 1.1
11 8 0.7
4 7 1.8
0 4 n/a
4 3 0.8
1 1 1.0
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. 36 ●
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