snohomish county CONDO - SEPTEMBER 2 0 2 4
MONTHS OF INVENTORY 2.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▼ 8% VS 2023
▼ 16% VS 2023
▼ 35% VS 2023
There were 87 condo listings in Snohomish County in September, 18% above August and 7% higher than September 2023. September condo sales decreased by 15% month-over-month, to 34, and were 35% below September 2023. The months of inventory for condos in Snohomish County, at 2.6, re'ected a sellers' market. The condo median price in September was $386,000, a 7% decrease from August and 16% below September 2023. The average sold price was $517,299, 2% above last month; the average PSF sale price was $456, down 3% 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
34 87
52 81
-3% -8% -16% 64% -35% 7%
40 74
-3% 2% -7% 38% -15% 18%
$456 $517,299 $386,000 2.6
$468 $563,041 $462,250 1.6
$472 $506,598 $414,500 1.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
48
87
77
81
74
72
65
64
74
59
55
39
53
52
61
49
52
36
45
44
50
48
42
40
40
34
38
36
35
$462K
$418K
$415K
$410K
$405K
$402K
$400K
$400K
$390K
$390K
$387K
$386K
$385K
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.
80
5.0
1
70
4+ bdrms
60
3.0
50
6
2.6
3 bdrms
40
12
2.0
2.0
30
19
20
2 bdrms
66
10
0
8
<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 1 0 n/a 29 75 2.6 1 5 5.0 1 2 2.0 1 2 2.0 1 3 3.0
9
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. 55 ●
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