Team Luxe Real Estate | Market Insights
Bothell, WA
Single-Family Homes
206-672-5724 | https://teamluxere.com/
Bothell, WA
Sun Dec 22 2024
This week the median list price for Bothell, WA is $1,050,000 with the market action index hovering around 64. This is less than last month's market action index of 65. Inventory has decreased to 47.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $1,050,000 | |
| Median Price of New Listings | $1,150,000 | |
| Per Square Foot | $498 | |
| Average Days on Market | 69 | |
| Median Days on Market | 42 | |
| Price Decreased | 49% | |
| Price Increased | 2% | |
| Relisted | 11% | |
| Inventory | 47 | |
| Median Rent | ||
| Market Action | 64 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,600,000 | 3,056 | 0 - 4,500 sqft | 4 | 3 | 18 | 2 | 1 | 42 |
| $1,200,000 | 2,447 | 8,000 - 10,000 sqft | 4 | 3 | 19 | 4 | 0 | 21 |
| $957,500 | 1,653 | 6,500 - 8,000 sqft | 3 | 2 | 45 | 3 | 4 | 59 |
| $337,475 | 1,166 | 8,000 - 10,000 sqft | 3 | 2 | 47 | 0 | 0 | 49 |