Your Local Market Report

Kirkland, WA

Single-Family Homes

SeattlebyDesign Team, Realogics Sotheby's I.R.



Kirkland, WA

Tue May 21 2019
This week the median list price for Kirkland, WA is $1,299,925 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 182. 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

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

Tue May 21 2019
This week the median list price for Kirkland, WA is $1,299,925 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 182. 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

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 $1,299,925
Per Square Foot $466
Days on Market 67
Price Decreased 31%
Price Increased 5%
Relisted 13%
Inventory 182
Median House Rent $3,169
Most Expensive $11,700,000
Least Expensive $499,950
Market Action Index
Strong Seller's Market
47

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
$2,488,000 4,070 8,000 - 10,000 sqft 4 3 12 5 5 107
$1,488,000 3,184 6,500 - 8,000 sqft 4 3 1 6 9 69
$1,137,495 2,858 6,500 - 8,000 sqft 4 2 15 6 9 62
$697,475 1,625 8,000 - 10,000 sqft 3 1 46 20 16 33