seattle
PREVIOUSLY OWNED CONDO - MARCH 2021
AVERAGE PRICE
AVERAGE PSF PRICE
MEDIAN PRICE
HOMES FOR SALE 46 % UP
CLOSED SALES
MONTHS OF INVENTORY
MARKET SUMMARY ›
0.7 % DOWN
7 % UP
0.3 % UP
28 % UP
1.9 SELLER’S
There were 489 previously owned condo homes for sale in Seattle in March, 2% below February but 46% higher vs March 2020. March’s previously owned condo closed sales increased by 27% month-over-month (to 257) and were up 28% year-over-year. There was 1.9 months of inventory in March, reflecting seller’s market conditions. The previously owned condo median sold price in March was $480,000, 7% above February but 0.7% lower vs March 2020. The average sold price was $570,439, 5% above last month; the average PSF sales price was $593, up 2% from last month.
VS 2020
VS 2020
VS 2020
VS 2020
VS 2020
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 501 203 2.5
% Change
No. 336 201 1.7
% Change
HOMES FOR SALE
489 257 1.9
-2% 27% -23%
46% 28% 14%
CLOSED SALES
MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$480,000 $450,000 $570,439 $544,279
7% $483,500 5% $535,536
-0.7%
7%
AVERAGE PRICE PSF
$593
$580
2%
$591
0.3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND ›
CLOSED SALES
HOMES FOR SALE
MEDIAN PRICE
$483,500 $460,000 $474,000 $466,500 $475,000 $463,250 $480,000
874
725
665
497
489
441
336
260
239
257
201
191
146
128
SEATTLE
KING COUNTY
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
11
BUYER'S MARKET
3+ bdrms
34
123
2 bdrms
193
123
. . . . 0 0 0 0
<2 bdrms
262
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. 8
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