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 January 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

$1,170,909

$648/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$14,063(+1.2%)

Key Takeaway

Homes in Kirkland have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Kirkland was $1,170,909 in January 2024, up 1.2% from last year, and the median price per square foot was $648.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $575K$388.5K
-32.4%
2 $620K$620K
0.0%
3 $1.4M$1.1M
-20.3%
4 $2.0M$1.5M
-24.4%
5+ $3.1M$2.2M
-29.5%

Summary: Kirkland housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 20.3%, 4 bedroom homes decreased by 24.4%, and 5+ bedroom homes decreased by 29.5%.

Median Sold Price Compared To Nearby Cities

Kirkland
+1.2%
Redmond
+0.8%
Seattle East
-0.2%
Bellevue
-0.5%

Housing Supply in Kirkland, WA

How many homes are available in Kirkland, WA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
195248+27.2%

Summary: The Kirkland real estate market had 248 homes for sale in January 2024, a 27.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 1013
+30.0%
2 3858
+52.6%
3 6984
+21.7%
4 5656
0.0%
5+ 2237
+68.2%

Summary: The Kirkland housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 52.6%, 3 bedroom homes increased by 21.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 68.2%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
6553-18.5%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kirkland, you may be able to get a good deal. 49.1% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Kirkland in January 2024, down by 18.5% month-over-month. Of the 53 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% 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

Jan 2023Jan 2024CHANGE
57 Days36 Days-36.2%

Summary: Homes in Kirkland had an average of 36 days on market in Jan 2024, down by 36.2% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 Homes Were 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.

Summary: During January 2024, 53 homes were sold in Kirkland; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in Kirkland, WA

Nearby Markets to Kirkland, WA

What housing markets are near Kirkland, WA?