bellevue west of 405 SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 58 single-family home listings in Bellevue West of 405 in May, 18% above April and 1.7% lower than May 2023. May single-family home sales increased by 17% month-over-month, to 28, and were 40% above May 2023. The months of inventory for single-family home in Bellevue West of 405, at 2.1, reflected a sellers' market. The single-family home median price in May was $3,573,750, a 10% increase from April and 29% above May 2023.
MONTHS OF INVENTORY 2.1
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 48%
▲ 29%
▼ 1.7%
▲ 40%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
28 58
20 59
48% 29% -30% 40% -1.7%
24 49
13% 10% 1.5% 17% 18%
TOTAL INVENTORY
TOTAL SALES
$3,821,083 $3,255,000 2.0
$4,333,250 $3,573,750 2.1
$2,932,310 $2,762,500 3.0
MONTHS OF INVENTORY
The average sold price was $4,333,250, 13% above last month and up 48% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
48
64
69
69
58
58
59
54
61
38
49
35
41
31
29
37
28
31
26
28
28
20
24
19
18
16
12
11
8
$4.14M
$4.05M
$3.90M
$3.77M
$3.78M $3.99M
$3.57M
$3.49M
$3.21M
$3.26M
$3.20M
$2.83M
$2.76M
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
35
11.0
30
25
8.0
20
15
10
1.5
1.3
5
0.5
0.5
0.3
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+
0 1 n/a
3 1 0.3
2 3 1.5
3 4 1.3
10 5 0.5
6 3 0.5
1 8 8.0
3 33 11.0
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. 13 ●
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