capitol hill/central seattle CONDO - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 9.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 28% VS 2023
▲ 35% VS 2023
▼ 5% VS 2023
There were 172 condo listings in Capitol Hill/Central Seattle in September, 12% above August and 35% higher than September 2023. September condo sales decreased by 53% month-over-month, to 19, and were 5% below September 2023. The months of inventory for condos in Capitol Hill/Central Seattle, at 9.1, re'ected a buyers' market. The condo median price in September was $550,000, a 12% increase from August and 28% above September 2023. The average sold price was $590,479, 8% below last month; the average PSF sale price was $676, down 0.4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$676 $590,479 $550,000 9.1 19 172
$633 $512,025 $430,000 6.4 20 127
7% 15% 28% 43% -5% 35%
$679 $638,800 $490,000 3.8 40 153
-0.4% -8% 12% 137% -53% 12%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
81
172
160
149
153
153
121
127
109
120
61
92
101
56
95
73
43
42
41
40
37
30
30
20
31
19
24
22
19
$550K
$535K
$528K
$500K
$490K
$480K
$485K
$475K
$477K
$475K
$458K
$450K
$430K
Sep-23
Aug-24
Sep-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.
140
10.7
120
4+ bdrms
1
100
80
3 bdrms
5.0
6
4.5
60
10
40
2.0
2 bdrms
62
20
0
9
<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 12 128 10.7 4 20 5.0 2 9 4.5 0 6 n/a 1 2 2.0 0 4 n/a 0 1 n/a 0 2 n/a
103
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. 21 ●
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