renton SINGLE-FAMILY HOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 1.8 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 19% VS 2023
▲ 15% VS 2023
▲ 70% VS 2023
▲ 10% VS 2023
There were 217 single-family home listings in Renton in September, 17% above August and 70% higher than September 2023. September single-family home sales decreased by 7% month-over-month, to 120, and were 10% above September 2023. The months of inventory for single-family home in Renton, at 1.8, re%ected a sellers' market. The single-family home median price in September was $847,500, a 0.9% increase from August and 15% above September 2023. The average sold price was $929,108, 1.2% below last month and up 19% to September 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No. 109 128
% Change 19% 15% 54% 10% 70%
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
120 217
129 185
-1.2% 0.9% 26% -7% 17%
$929,108 $847,500 1.8
$940,867 $840,000 1.4
$783,033 $740,000 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
216
45
217
44
129 185
155
175
36
129
120
128 109
113
136
120
131
98
118
86
75
75
95
92
72
65
62
62
62
$850K
$848K
$840K
$795K
$800K
$800K
$790K
$786K
$775K
$765K
$760K
$740K
$701K
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
70
8.0
60
50
40
30
2.6
2.2
20
1.7
1.6
1.1
0.8
10
0
<$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
21 16 0.8
30 65 2.2
23 59 2.6
27 31 1.1
13 22 1.7
5 8 1.6
0 8 n/a
1 8 8.0
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. 42 ●
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