Your Local Market Report

Kirkland, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Kirkland, WA

Mon Jul 22 2019
This week the median list price for Kirkland, WA is $1,265,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 193. 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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Mon Jul 22 2019
This week the median list price for Kirkland, WA is $1,265,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 193. 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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,265,000
Per Square Foot $463
Days on Market 68
Price Decreased 37%
Price Increased 4%
Relisted 14%
Inventory 193
Median House Rent $2,495
Most Expensive $11,700,000
Least Expensive $475,000
Market Action Index
Strong Seller's Market
49

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
$2,362,000 3,997 0.25 - 0.5 acre 4 3 14 4 6 109
$1,493,000 2,977 6,500 - 8,000 sqft 4 3 3 8 7 68
$970,000 2,521 6,500 - 8,000 sqft 4 2 26 13 11 56
$680,000 1,774 6,500 - 8,000 sqft 3 2 49 15 9 40