bellevue east of 405 SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 56 single-family home listings in Bellevue East of 405 in May, 56% above April and 12% higher than May 2023.
MONTHS OF INVENTORY 0.8
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 21%
▲ 15%
▲ 12%
▲ 3%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
May single-family home sales increased by 23% month-over-month, to 70, and were 3% above May 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for single-family home in Bellevue East of 405, at 0.8, reflected a sellers' market. The single-family home median price in May was $1,662,500, a 3% increase from April and 15% above May 2023.
70 56
68 50
21% 15% 9% 3% 12%
57 36
27% 23% 56%
TOTAL INVENTORY
TOTAL SALES
$1,863,767 $1,617,500 0.6
$2,005,300 $1,662,500 0.8
$1,661,033 $1,440,000 0.7
MONTHS OF INVENTORY
The average sold price was $2,005,300, 8% above last month and up 21% to May 2023.
8% 3%
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
35
68
70
34
34
68
63
60
60
57
56
52
50
58
43
43
50
49
37
45
35
39
37
36
36
20
22
22
16
$1.78M
$1.68M $1.62M $1.66M
$1.60M
$1.58M
$1.58M $1.50M
$1.56M
$1.46M $1.41M
$1.45M
$1.44M
May-23
Apr-24
May-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
1.3
1.3
20
1.0
1.0
0.9
0.6
0.6
15
0.5
0.5
10
5
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+
4 2 0.5
6 6 1.0
15 9 0.6
23 14 0.6
7 6 0.9
4 2 0.5
7 9 1.3
3 4 1.3
0 3 n/a
1 1 1.0
MOI INVENTORY SALES
Information and statistics derived from Northwest Multiple Listing Service. Copyright © June 10, 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 June 10, 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. 10 ●
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