king county TOWNHOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 2.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 4% VS 2023
▲ 47% VS 2023
▲ 17% VS 2023
There were 867 townhome listings in King County in November, 17% below October and 47% higher than November 2023. November townhome sales decreased by 16% month-over-month, to 314, and were 17% above November 2023. The months of inventory for townhomes in King County, at 2.8, reflected a sellers' market. The townhome median price in November was $752,450, a 0.3% increase from October and 4% above November 2023. The average sold price was $864,979, 5% above last month; the average PSF sale price was $554, up 5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 269 589
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
314 867
6% 15% 4% 26% 17% 47%
$530 $822,610 $750,000 2.8 373 1,045
5% 5% 0.3% -1.4% -16% -17%
$554 $864,979 $752,450 2.8
$520 $751,688 $721,478 2.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,073
53
955
50
1,045
994
858
47
867
725
559
529
589
505
479
373
367
466
335
463
439
421
314
357
338
269
325
235
222
$800K
$798K
$785K
$782K
$784K
$773K
$761K
$750K
$752K
$739K
$739K
$730K
$721K
Nov-23
Oct-24
Nov-24
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● MONTHS OF INV.
5.3
28
250
4.8
4+ bdrms
141
3.8
200
144
2.9
2.8
3 bdrms
2.6
150
2.4
2.4
337
100
131
2 bdrms
352
50
0
11
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+ MOI INVENTORY SALES 79 204 2.6 95 272 2.9 64 154 2.4 32 77 2.4 23 65 2.8 9 34 3.8 7 37 5.3 5 24 4.8
37
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. 5 ●
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