Is Kirkland, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$1,223,748
$663/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kirkland was $1,223,748 in March 2024, up 1.5% from last year, and the median price per square foot was $663.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $440K | $397.5K | -9.7% |
2 Bedrooms | $607.5K | $620K | +2.1% |
3 Bedrooms | $1.3M | $1.1M | -10.8% |
4 Bedrooms | $1.8M | $1.6M | -13.5% |
5+ Bedrooms | $3.0M | $2.2M | -26.2% |
Summary: Kirkland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 26.2%.
Median Sold Price Compared To Nearby Cities
Seattle East | $1.1M | $1.1M | +4.0% |
Redmond | $1.2M | $1.2M | +2.3% |
Bellevue | $1.3M | $1.4M | +2.1% |
Kirkland | $1.2M | $1.2M | +1.5% |
Housing Supply in Kirkland, WA
How many homes are available in Kirkland, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
302 | 355 | +17.5% |
Summary: The Kirkland real estate market had 355 homes for sale in March 2024, a 17.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 23 | +4.5% |
2 Bedrooms | 67 | 77 | +14.9% |
3 Bedrooms | 101 | 115 | +13.9% |
4 Bedrooms | 75 | 95 | +26.7% |
5+ Bedrooms | 37 | 45 | +21.6% |
Summary: The Kirkland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 21.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 137 | +47.3% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Kirkland in March 2024, up by 47.3% month-over-month. Of the 137 sold homes, 23% were sold under asking, 38% were sold at asking, and 39% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 21 Days | -38.1% |
Summary: Homes in Kirkland had an average of 21 days on market in Mar 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 137 homes were sold in Kirkland; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.