west seattle SINGLE-FAMILY HOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.1 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 52% VS 2023
▼ 5% VS 2023
▼ 18% VS 2023
There were 146 single-family home listings in West Seattle in September, 27% above August and 52% higher than September 2023. September single-family home sales decreased by 3% month-over-month, to 70, and were 18% below September 2023. The months of inventory for single-family home in West Seattle, at 2.1, re(ected a sellers' market. The single-family home median price in September was $836,250, a 6% decrease from August and 5% below September 2023. The average sold price was $1,073,506, 6% above last month and up 5% to September 2023.
THIS MONTH No. $1,073,506 $836,250 2.1 70 146
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
85 96
5% -5% 85% -18% 52%
$1,010,462 $888,000 1.6 72 115
6% -6% 31% -3% 27%
$1,019,888 $882,000 1.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
38
146
36
119
34
82 104
104
100
100
115
93
91
96
96
76
76
94
85
70
57
72
68
67
64
64
53
43
35
$925K
$915K
$918K
$888K
$882K
$880K
$879K
$885K
$875K
$855K
$836K
$790K
$735K
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
100
4.0
80
2.5
2.3
60
2.1
1.3
40
1.0
20
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
46 95 2.1
6 15 2.5
7 16 2.3
6 8 1.3
3 3 1.0
0 4 n/a
1 4 4.0
1 0 n/a
0 1 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. 50 ●
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