king county SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.2 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 9% VS 2023
▲ 18% VS 2023
▼ 0.1% VS 2023
There were 1,571 single-family home listings in King County in November, 28% below October and 0.1% lower than November 2023. November single-family home sales decreased by 25% month-over-month, to 1,296, and were 18% above November 2023. The months of inventory for single-family home in King County, at 1.2, reflected a sellers' market. The single-family home median price in November was $996,500, a 1.2% decrease from October and 9% above November 2023. The average sold price was $1,272,307, 0.8% below last month and up 7% 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
1,296 1,571
1,096 1,572
7% 9% -15% 18% -0.1%
1,732 2,180
-0.8% -1.2% -4% -25% -28%
$1,272,307 $996,500 1.2
$1,282,111 $1,008,200 1.3
$1,188,083 $916,975 1.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,543
2,521
43
42
2,180
40
2,365
1,961
2,153
1,756
1,732
1,604
1,914
1,596
1,572
1,727
1,571
1,307
1,239
1,0441,035
1,325
1,330
1,296
1,096
1,172
973
907
690
$1.06M $1.05M $1.10M $1.02M
$1.02M $1.05M $1.05M $1.04M $1.01M
$997K
$917K
$900K
$890K
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
800
8.7
700
600
500
5.2
400
300
2.4
2.3
200
1.5
1.2
1.1
1.1
1.0
0.8
100
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
652 746 1.1
159 180 1.1
148 155 1.0
172 140 0.8
74 92 1.2
30 72 2.4
33 75 2.3
16 24 1.5
5 26 5.2
7 61 8.7
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. 4 ●
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