Is Kirkland, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kirkland is a seller's market

Buyer's
Market

Difference Since November 2020

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.

How much do homes in Kirkland, WA cost?

Median Sold Price

$1,108,341

$641/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$188,762(+20.5%)

Key Takeaway

Homes in Kirkland have sold for 20.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $388.5K$345K
-11.2%
2 $495K$538.5K
+8.8%
3 $851.8K$1.1M
+36.2%
4 $1.2M$1.8M
+44.0%
5+ $1.6M$2.2M
+35.4%

Median Sold Price Compared To Nearby Cities

Clyde Hill
+32.9%
Kirkland
+20.5%
Redmond
+15.6%
Bellevue
+14.1%
Yarrow Point
-20.5%

How many homes are available in Kirkland, WA?

Number of Homes For Sale

Oct 2021Nov 2021%
333274-17.7%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 3429
-14.7%
2 117100
-14.5%
3 7260
-16.7%
4 6251
-17.7%
5+ 4834
-29.2%

Number of Homes Sold

Oct 2021Nov 2021%
11194-15.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

56 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kirkland, you could pay more than the asking price. 59.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
26 Days9 Days-63.7%

Breakdown of Home Sale Times

87 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kirkland are selling fast, if you're buying plan to act quickly.

About Kirkland, WA

Number of homes for sale in Kirkland, WA real estate market have reached 274. In November 2021 in Kirkland, WA there were 17.7% less homes for sale than in October 2021. The median list price of listings available in November 2021 was $1,108,341, while the average time on the real estate market was 9 days. Between October 2021 and November 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 11.2%, 2 bedrooms properties became 8.8% more expensive, 3 bedrooms properties became 36.2% more expensive, 4 bedrooms properties became 44% more expensive, 5 bedrooms properties prices increased by 35.4%. Housing inventory have changed in this real estate market: 1 bedroom homes became 14.7% less available, number of 2 bedrooms homes decreased by 14.5%, number of 3 bedrooms homes decreased by 16.7%, the quantity of 4 bedrooms homes went down by 17.7%, volume of 5 bedrooms homes went down by 29.2%. In November 2021 more than 56 listings in Kirkland, WA were sold above the asking price. During the same period more than 23 listings were sold at asking price, while more than 15 were sold below.

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