queen anne/magnolia SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 17% VS 2023
▼ 5% VS 2023
▼ 18% VS 2023
▼ 13% VS 2023
There were 49 single-family home listings in Queen Anne/Magnolia in November, 31% below October and 18% lower than November 2023. November single-family home sales decreased by 48% month-over-month, to 27, and were 13% below November 2023. The months of inventory for single-family home in Queen Anne/Magnolia, at 1.8, reflected a sellers' market. The single-family home median price in November was $1,322,500, a 4% decrease from October and 5% below November 2023. The average sold price was $1,408,093, 14% below last month and down 17% 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
27 49
31 60
-17% -5% -6% -13% -18%
52 71
-14% -4% 33% -48% -31%
$1,408,093 $1,322,500 1.8
$1,629,955 $1,380,000 1.4
$1,692,127 $1,397,000 1.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
80
80
56
71
69
64
60
67
67
52
47
56
56
39
49
48
38
38
42
40
39
39
31
34
33
22
31
27
14
$1.70M
$1.67M
$1.49M
$1.47M
$1.45M $1.55M
$1.40M
$1.38M $1.32M
$1.30M
$1.26M $1.35M
$1.25M
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
14
5.0
12
10
8
2.0
6
1.5
1.0
4
0.5
0.4
2
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
7 14 2.0
5 2 0.4
4 2 0.5
6 6 1.0
4 6 1.5
1 5 5.0
0 8 n/a
0 2 n/a
0 1 n/a
0 3 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. 39 ●
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