Team Luxe Real Estate | Market Insights

Brinnon, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/


Brinnon, WA

Wed Oct 09 2024
This week the median list price for Brinnon, WA is $424,750 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has decreased to 10. Click here to stay informed with the Brinnon market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Brinnon, WA

Wed Oct 09 2024
This week the median list price for Brinnon, WA is $424,750 with the market action index hovering around 33. This is an increase over last month's market action index of 31. Inventory has decreased to 10. Click here to stay informed with the Brinnon market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Brinnon market.
Median List Price $424,750
Median Price of New Listings $0
Per Square Foot $374
Average Days on Market 158
Median Days on Market 126
Price Decreased 50%
Price Increased 0%
Relisted 10%
Inventory 10
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$899,000 1,927 5 - 10 acres 3 2.3 25 0 0 112
$775,000 2,067 5 - 10 acres 2 2 34 0 0 140
$370,000 1,176 0.5 - 1 acre 2 1 11 0 0 175
$275,000 1,350 0.25 - 0.5 acre 2 2 64 0 0 133