west seattle TOWNHOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 72% VS 2023
▼ 1.5% VS 2023
▼ 16% VS 2023
There were 81 townhome listings in West Seattle in September, 31% above August and 72% higher than September 2023. September townhome sales increased by 52% month-over-month, to 32, and were 16% below September 2023. The months of inventory for townhomes in West Seattle, at 2.5, re(ected a sellers' market. The townhome median price in September was $713,588, a 11% increase from August and 4% above September 2023. The average sold price was $713,802, 2% above last month; the average PSF sale price was $523, down 1.2% 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
32 81
38 47
-1.9% -1.5% 4% 105% -16% 72%
21 62
52% 31%
$523 $713,802 $713,588 2.5
$533 $724,899 $685,475 1.2
$529 $698,064 $642,500 3.0
-1.2% 2% 11% -14%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
86
58
81
79
71
52
55
62
49
44
47 38
42
52
47
36
38
43
27
32
37
37
33
32
17
21
20
8
10
$770K
$735K
$728K
$725K
$710K
$714K
$700K
$700K
$705K
$685K
$649K
$643K
$577K
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.
3.2
40
2
3.0
4+ bdrms
2.6
7
2.1
30
19
3 bdrms
33
20
11
2 bdrms
10
37
0
<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 6 19 3.2 20 42 2.1 5 13 2.6 0 1 n/a 1 3 3.0 0 2 n/a 0 1 n/a
4
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. 51 ●
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