southeast seattle SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.8% VS 2023
▲ 17% VS 2023
▲ 15% VS 2023
▼ 10% VS 2023
There were 56 single-family home listings in Southeast Seattle in November, 29% below October and 17% higher than November 2023. November single-family home sales decreased by 38% month-over-month, to 31, and were 15% above November 2023. The months of inventory for single-family home in Southeast Seattle, at 1.8, reflected a sellers' market. The single-family home median price in November was $750,000, a 5% decrease from October and 10% below November 2023. The average sold price was $1,060,595, 13% above last month and up 0.8% 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
31 56
27 48
0.8% -10% 1.6% 15% 17%
50 79
13% -5% 14% -38% -29%
$1,060,595 $750,000 1.8
$938,018 $792,000 1.6
$1,052,205 $837,500 1.8
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
95
48
88
79
80
67
74
38
53
50
49
35
48
47
56
38
38
41
28
38
38
27
31
31
30
29
24
24
18
$965K
$950K
$915K
$909K
$890K
$848K
$838K
$800K
$792K
$775K
$750K
$725K
$715K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
2.7
25
20
1.5
1.5
15
1.0
0.8
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
19 28 1.5
6 5 0.8
3 8 2.7
0 7 n/a
2 3 1.5
0 1 n/a
0 2 n/a
0 1 n/a
1 1 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. 48 ●
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