Your Local Market Report

Kirkland, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Kirkland, WA

Fri Nov 22 2019
This week the median list price for Kirkland, WA is $1,398,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 141. Click here to stay informed with the Kirkland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Kirkland, WA

Fri Nov 22 2019
This week the median list price for Kirkland, WA is $1,398,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has held steady at or around 141. Click here to stay informed with the Kirkland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Kirkland market.
Median List Price $1,398,000
Per Square Foot $482
Days on Market 99
Price Decreased 42%
Price Increased 4%
Relisted 13%
Inventory 141
Median Rent $2,515
Most Expensive $11,700,000
Least Expensive $529,888
Market Action 40
Slight Seller's Advantage

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
$2,798,000 4,320 0.25 - 0.5 acre 4 4 2 1 2 153
$1,725,000 3,425 0.25 - 0.5 acre 4 3 12 3 6 98
$1,239,950 2,923 6,500 - 8,000 sqft 4 3 12 3 5 80
$732,000 1,924 8,000 - 10,000 sqft 3 2 51 7 6 65