bellevue east of 405 SINGLE-FAMILY HOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 16% VS 2023
▲ 11% VS 2023
▲ 3% VS 2023
▼ 21% VS 2023
There were 62 single-family home listings in Bellevue East of 405 in September, 3% above August and 3% higher than September 2023. September single-family home sales increased by 2% month-over-month, to 46, and were 21% below September 2023. The months of inventory for single-family home in Bellevue East of 405, at 1.3, re'ected a sellers' market. The single-family home median price in September was $1,750,000, a 13% increase from August and 11% above September 2023. The average sold price was $2,073,792, 20% above last month and up 16% to September 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
46 62
58 60
16% 11% 30% -21% 3%
45 60
2% 3%
$2,073,792 $1,750,000 1.3
$1,731,552 $1,550,000 1.3
20% 13% 1.1%
$1,782,168 $1,575,000 1.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
39
70
77
74
60
35
35
62
56
63
58
60
50
58
57
43
43
46
37
45
45
35
39
37
36
21
24
22
16
$1.78M
$1.75M
$1.60M $1.60M $1.55M
$1.58M
$1.58M $1.50M
$1.56M $1.68M $1.62M $1.66M
$1.45M
Sep-23
Aug-24
Sep-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
4.0
20
15
2.0
1.5
10
1.3
1.0
0.7
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
0 3 n/a
2 0 n/a
9 9 1.0
21 14 0.7
6 8 1.3
3 6 2.0
3 12 4.0
0 5 n/a
0 2 n/a
2 3 1.5
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 October 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. 10 ●
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