sodo/beacon hill SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 10% VS 2023
▲ 6% VS 2023
▲ 23% VS 2023
There were 33 single-family home listings in SODO/Beacon Hill in November, 25% below October and 6% higher than November 2023. November single-family home sales increased by 7% month-over-month, to 16, and were 23% above November 2023. The months of inventory for single-family home in SODO/Beacon Hill, at 2.1, reflected a sellers' market. The single-family home median price in November was $817,500, a 23% increase from October and 10% above November 2023. The average sold price was $827,094, 11% above last month and up 15% 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
16 33
13 31
15% 10% -14% 23% 6%
15 44
11% 23% -30% 7% -25%
$827,094 $817,500 2.1
$744,430 $663,000 2.9
$721,654 $740,000 2.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
51
61
45
44
56
42
31
36
27
33
26
23
29
22
41
19
22
21
21
16
17
13
16
9
15
13
12
9
8
$891K
$850K
$825K
$818K
$794K
$780K
$762K
$740K
$725K
$705K
$693K
$663K
$625K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
1.9
20
1.5
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
12 23 1.9
4 6 1.5
0 4 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. 46 ●
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