Is Kirkland, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Kirkland has remained a Seller's Market.
Key Takeaway
Kirkland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kirkland, WA
How much do homes in Kirkland, WA cost?
Median Sold Price
$1,282,250
$687/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Kirkland have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Kirkland was $1,282,250 in June 2024, up 6.9% from last year, and the median price per square foot was $687.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $410K | $385.7K | -5.9% |
| 2 Bedrooms | $601.5K | $650K | +8.1% |
| 3 Bedrooms | $1.2M | $1.2M | +1.4% |
| 4 Bedrooms | $1.6M | $1.6M | +3.1% |
| 5+ Bedrooms | $2.5M | $2.4M | -2.0% |
Summary: Kirkland housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Seattle East | $1.0M | $1.2M | +13.9% |
| Bellevue | $1.3M | $1.4M | +12.5% |
| Redmond | $1.1M | $1.2M | +8.7% |
| Kirkland | $1.2M | $1.2M | +6.9% |
| Yarrow Point | $4.7M | $4.0M | -15.3% |
Housing Supply in Kirkland, WA
How many homes are available in Kirkland, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 422 | 469 | +11.1% |
Summary: The Kirkland real estate market had 469 homes for sale in June 2024, a 11.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 32 | +18.5% |
| 2 Bedrooms | 99 | 109 | +10.1% |
| 3 Bedrooms | 125 | 128 | +2.4% |
| 4 Bedrooms | 118 | 134 | +13.6% |
| 5+ Bedrooms | 53 | 66 | +24.5% |
Summary: The Kirkland housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 24.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 147 | 129 | -12.2% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
54 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kirkland, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.
Summary: A total of 129 homes were sold or pending in Kirkland in June 2024, down by 12.2% month-over-month. Of the 129 sold homes, 36% were sold under asking, 22% were sold at asking, and 42% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 16 Days | -22.6% |
Summary: Homes in Kirkland had an average of 16 days on market in Jun 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
111 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kirkland are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 129 homes were sold in Kirkland; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.