queen anne/magnolia SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 57 single-family home listings in Queen Anne/Magnolia in May, 1.8% above April and 16% higher than May 2023. May single-family home sales increased by 68% month-over-month, to 67, and were 81% above May 2023. The months of inventory for single-family home in Queen Anne/Magnolia, at 0.9, reflected a sellers' market. The single-family home median price in May was $1,489,999, a 12% decrease from April and 5% above May 2023.
MONTHS OF INVENTORY 0.9
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9%
▲ 5%
▲ 16%
▲ 81%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
67 57
37 49
9% 5% -36% 81% 16%
40 56
-0.8% -12% -39% 68% 1.8%
TOTAL INVENTORY
TOTAL SALES
$1,685,286 $1,698,000 1.4
$1,672,276 $1,489,999 0.9
$1,534,657 $1,425,000 1.3
MONTHS OF INVENTORY
The average sold price was $1,672,276, 0.8% below last month and up 9% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
33
69
67
64
72
30
57
57
54
57
28
47
56
49
51
41
34
31
40
39
30
39
37
33
32
31
27
22
14
$1.70M
$1.56M $1.52M
$1.55M
$1.49M
$1.45M
$1.43M $1.42M
$1.41M $1.40M
$1.27M
$1.26M $1.35M
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
2.3
2.0
15
1.5
1.0
10
0.7
0.5
0.5
0.2
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+
11 6 0.5
11 5 0.5
12 2 0.2
18 13 0.7
6 14 2.3
4 4 1.0
3 6 2.0
2 3 1.5
0 2 n/a
0 2 n/a
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. 39 ●
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