capitol hill/central seattle SINGLE-FAMILY HOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 22% VS 2023
▲ 29% VS 2023
▲ 7% VS 2023
▲ 22% VS 2023
There were 93 single-family home listings in Capitol Hill/Central Seattle in September, 19% above August and 7% higher than September 2023. September single-family home sales remained the same month-over-month, at 33, and were 22% above September 2023. The months of inventory for single-family home in Capitol Hill/Central Seattle, at 2.8, re'ected a sellers' market. The single-family home median price in September was $1,700,000, a 1.2% increase from August and 29% above September 2023. The average sold price was $2,113,557, 4% above last month and up 22% 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
33 93
27 87
22% 29% -13% 22% 7%
33 78
4% 1.2% 19% 0% 19%
$2,113,557 $1,700,000 2.8
$2,028,591 $1,680,000 2.4
$1,736,311 $1,319,500 3.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
96
58
93
85
87
77
86
49
78
57
54
51
63
51
50
47
39
33
33
43
35
40
33
37
27
33
31
23
19
$1.85M
$1.68M $1.70M
$1.53M $1.55M $1.46M $1.48M $1.44M
$1.34M
$1.32M $1.34M $1.31M
$1.09M
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
20
5.0
4.0
15
3.8
3.2
3.0
2.8
2.7
10
1.7
1.0
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
6 19 3.2
2 6 3.0
6 16 2.7
6 17 2.8
3 5 1.7
4 15 3.8
1 4 4.0
4 4 1.0
0 2 n/a
1 5 5.0
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 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. 19 ●
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