Is Kirkland, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Kirkland has remained a Seller's Market.
Housing Prices in Kirkland, WA
How much do homes in Kirkland, WA cost?
Median Sold Price
$1,257,619
$677/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kirkland was $1,257,619 in May 2024, up 5.5% from last year, and the median price per square foot was $677.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $411K | $385.7K | -6.1% |
2 Bedrooms | $586.6K | $640K | +9.1% |
3 Bedrooms | $1.2M | $1.2M | -3.8% |
4 Bedrooms | $1.6M | $1.6M | -3.3% |
5+ Bedrooms | $2.5M | $2.3M | -10.9% |
Summary: Kirkland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
Seattle East | $1.0M | $1.2M | +12.2% |
Bellevue | $1.3M | $1.4M | +10.8% |
Redmond | $1.1M | $1.2M | +7.2% |
Kirkland | $1.1M | $1.2M | +5.5% |
Housing Supply in Kirkland, WA
How many homes are available in Kirkland, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
370 | 454 | +22.7% |
Summary: The Kirkland real estate market had 454 homes for sale in May 2024, a 22.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 29 | +16.0% |
2 Bedrooms | 89 | 104 | +16.9% |
3 Bedrooms | 115 | 132 | +14.8% |
4 Bedrooms | 99 | 132 | +33.3% |
5+ Bedrooms | 42 | 57 | +35.7% |
Summary: The Kirkland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 16.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
155 | 136 | -12.3% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Summary: A total of 136 homes were sold or pending in Kirkland in May 2024, down by 12.3% month-over-month. Of the 136 sold homes, 25% were sold under asking, 32% were sold at asking, and 43% were sold over asking.
Days on Market for Kirkland, WA
How long does it take to sell a home in Kirkland, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 13 Days | -31.6% |
Summary: Homes in Kirkland had an average of 13 days on market in May 2024, down by 31.6% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 136 homes were sold in Kirkland; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.