sodo/beacon hill SINGLE-FAMILY HOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 22% VS 2023
▲ 28% VS 2023
▲ 19% VS 2023
▼ 14% VS 2023
There were 51 single-family home listings in SODO/Beacon Hill in September, 21% above August and 19% higher than September 2023. September single-family home sales increased by 46% month-over-month, to 19, and were 14% below September 2023. The months of inventory for single-family home in SODO/Beacon Hill, at 2.7, re,ected a sellers' market. The single-family home median price in September was $825,000, a 6% increase from August and 28% above September 2023. The average sold price was $801,508, 2% 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
19 51
22 43
22% 28% 37% -14% 19%
13 42
2% 6% -17% 46% 21%
$801,508 $825,000 2.7
$783,769 $780,000 3.2
$658,240 $645,000 2.0
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
62
51
45
43
39
42
31
36
27
26
23
29
22
22
40
19
22
21
21
13
17
16
9
15
32
13
12
9
8
$891K
$850K
$825K
$794K
$780K
$762K
$740K
$725K
$705K
$693K
$645K
$629K
$625K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
40
3.5
30
2.4
20
10
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
17 40 2.4
2 7 3.5
0 4 n/a
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. 46 ●
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