snohomish county TOWNHOME - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 1.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 7% VS 2023
▲ 73% VS 2023
▲ 41% VS 2023
There were 263 townhome listings in Snohomish County in September, 16% above August and 73% higher than September 2023. September townhome sales decreased by 15% month-over-month, to 157, and were 41% above September 2023. The months of inventory for townhomes in Snohomish County, at 1.7, re'ected a sellers' market. The townhome median price in September was $654,500, a 0.6% decrease from August and 7% above September 2023. The average sold price was $683,322, 1.5% below last month; the average PSF sale price was $415, up 0.1% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 111 152
% Change
No. 184 227
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
157 263
22% 41% 73%
0.1% -1.5% -0.6% 36% -15% 16%
$415 $683,322 $654,500 1.7
$400 $644,662 $610,000 1.4
$415 $693,683 $658,400 1.2
4% 6% 7%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
57
263
55
226
227
181
172
166
162
184
43
157
152
135
156
152
113
112
107
140
111
96
87
110
105
88
86
87
81
$673K
$658K
$655K
$636K
$639K
$635K
$627K
$635K
$635K
$633K
$617K
$610K
$595K
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.
5.0
41
100
4+ bdrms
72
80
73
3 bdrms
60
133
2.0
1.6
1.5
1.4
40
42
2 bdrms
54
20
0
1
<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 79 107 1.4 16 24 1.5 11 18 1.6 3 15 5.0 0 1 n/a 48 98 2.0
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. 54 ●
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