king county CONDO - MARCH 2021
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
MEDIAN PRICE
HOMES FOR SALE 2 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
14 % UP
8 % UP
17 % UP
1.1 SELLER’S
The number of condo homes for sale in King County, at 829, was down 6% month-over-month but 2% above last year. March’s condo closed sales, at 721, were 22% above last month and 17% higher than last year. There was 1.1 months of inventory for condos in March, reflecting seller’s market conditions. The condo median sold price in March was $475,000, up 8% both month-over-month and year-over-year. The average sold price was $570,964 with an average PSF sales price of $507 (up 8% and 7%, respectively, vs February).
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 880 590 1.5
% Change
No. 813 614 1.32
% Change
HOMES FOR SALE
829 721 1.1
-6% 22% -23%
2%
CLOSED SALES
17% -13%
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$475,000 $438,875 $570,964 $527,374
8% $439,225 8% $500,928
8%
14%
$507
$476
7%
$476
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$475,000
$439,225 $420,000 $429,375 $446,000 $445,000
$410,000
1,589
1,284
1,315
1,021
843
829
813
736
721
673
670
614
459
357
KING COUNTY
SEATTLE
HOMES FOR SALE & CLOSED SALES BY PRICE RANGE
NUMBER OF BEDROOMS ›
›
CLOSED SALES
HOMES FOR SALE
MONTHS OF INVENTORY
CLOSED SALES HOMES FOR SALE
SELLER'S MARKET
BALANCED
142
3+ bdrms
BUYER'S MARKET
89
369
2 bdrms
358
210
. . . . 0 0 0 0
<2 bdrms
382
MONTHS OF INV. CLOSED SALES HOMES FOR SALE
Copyright © 2021 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 April 13, 2021. All data from Northwest Multiple Listing Serivce & Rennie. 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. 5
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