Your Local Market Report

Kirkland, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Kirkland, WA

Thu Nov 14 2019
This week the median list price for Kirkland, WA is $1,450,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 146. 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

Thu Nov 14 2019
This week the median list price for Kirkland, WA is $1,450,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 146. 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 $1,450,000
Per Square Foot $483
Days on Market 104
Price Decreased 44%
Price Increased 5%
Relisted 13%
Inventory 146
Median Rent $2,530
Most Expensive $11,700,000
Least Expensive $450,000
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$2,874,000 4,315 0.25 - 0.5 acre 4 4 3 1 1 145
$1,797,500 3,589 0.25 - 0.5 acre 4 3 11 1 6 107
$1,245,000 2,923 6,500 - 8,000 sqft 4 3 10 2 2 94
$749,950 1,900 6,500 - 8,000 sqft 4 2 50 5 14 68