Is Renton, 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, Renton has remained a Seller's Market.
Key Takeaway
Renton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Renton, WA
How much do homes in Renton, WA cost?
Median Sold Price
$742,247
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Renton have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Renton was $742,247 in June 2024, up 9.4% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $276.7K | $265K | -4.2% |
| 2 Bedrooms | $410K | $435K | +6.1% |
| 3 Bedrooms | $640.5K | $696K | +8.7% |
| 4 Bedrooms | $810K | $867.3K | +7.1% |
| 5+ Bedrooms | $1.0M | $1.0M | -0.9% |
Summary: Renton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.5M | +26.8% |
| Seattle East | $1.0M | $1.2M | +13.9% |
| Renton | $678.7K | $742.2K | +9.4% |
| Kent | $600.3K | $649.9K | +8.3% |
Housing Supply in Renton, WA
How many homes are available in Renton, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 410 | 432 | +5.4% |
Summary: The Renton real estate market had 432 homes for sale in June 2024, a 5.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 12 | +71.4% |
| 2 Bedrooms | 75 | 72 | -4.0% |
| 3 Bedrooms | 151 | 160 | +6.0% |
| 4 Bedrooms | 128 | 136 | +6.3% |
| 5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The Renton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 149 | 127 | -14.8% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Renton, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 127 homes were sold or pending in Renton in June 2024, down by 14.8% month-over-month. Of the 127 sold homes, 29% were sold under asking, 30% were sold at asking, and 41% were sold over asking.
Days on Market for Renton, WA
How long does it take to sell a home in Renton, WA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 10 Days | -31.1% |
Summary: Homes in Renton had an average of 10 days on market in Jun 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Renton are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 127 homes were sold in Renton; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% 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. 
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.