renton SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY
MONTHS OF INVENTORY 1.2
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.6%
▲ 1.7%
▲ 59%
▲ 32%
There were 154 single-family home listings in Renton in May, 69% above April and 59% higher than May 2023.
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
May single-family home sales increased by 18% month-over-month, to 131, and were 32% above May 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
The months of inventory for single-family home in Renton, at 1.2, reflected a sellers' market.
131 154
99 97
0.6% 1.7% 20% 32% 59%
$935,313 $850,000 0.8 111 91
-6% -8% 43% 18% 69%
TOTAL INVENTORY
The single-family home median price in May was $785,000, a 8% decrease from April and 1.7% above May 2023.
TOTAL SALES
$882,018 $785,000 1.2
$876,543 $772,000 1.0
MONTHS OF INVENTORY
The average sold price was $882,018, 6% below last month and up 0.6% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
34
154
33
33
138
152
150
131
119
111
126
126
101
98
99
109
86
105
103
97
77
91
62
62
72
65
63
62
54
$850K
$850K
$795K
$792K
$790K
$785K
$775K
$772K
$765K
$763K
$760K
$740K
$701K
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
5.0
50
40
30
1.7
1.6
1.5
20
1.2
0.8
0.6
10
0
<$600K
$600K-799K
$800K-999K
$1.0M-1.24M
$1.25M-1.49M
$1.5M-1.99M
$2.0M-2.49M
$2.5M+
16 9 0.6
54 44 0.8
24 41 1.7
23 28 1.2
9 14 1.6
4 6 1.5
0 7 n/a
1 5 5.0
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. 42 ●
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