Your Local Market Report

Kirkland, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Kirkland, WA

Thu Jan 17 2019
This week the median list price for Kirkland, WA is $1,250,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 123. Click here to stay informed with the Kirkland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Kirkland, WA

Thu Jan 17 2019
This week the median list price for Kirkland, WA is $1,250,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 123. Click here to stay informed with the Kirkland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Kirkland market.
Median List Price $1,250,000
Per Square Foot $435
Days on Market 107
Price Decreased 38%
Price Increased 2%
Relisted 8%
Inventory 123
Median House Rent $2,450
Most Expensive $13,500,000
Least Expensive $369,000
Market Action Index
Slight Seller's Advantage
37

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

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
$2,696,500 4,097 0.25 - 0.5 acre 4 3 2 2 1 129
$1,455,000 3,366 6,500 - 8,000 sqft 4 3 1 2 3 90
$1,128,000 2,892 6,500 - 8,000 sqft 4 3 1 2 4 113
$675,000 1,780 6,500 - 8,000 sqft 3 2 45 5 8 96