Is Renton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Renton has remained a Seller's Market.
Housing Prices in Renton, WA
How much do homes in Renton, WA cost?
Median Sold Price
$738,020
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Renton was $738,020 in April 2024, up 9.3% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $269K | $268.5K | -0.2% |
2 Bedrooms | $410K | $429.9K | +4.9% |
3 Bedrooms | $654.5K | $680.6K | +4.0% |
4 Bedrooms | $827.5K | $854.1K | +3.2% |
5+ Bedrooms | $1.0M | $1.0M | -2.1% |
Summary: Renton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.2%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
Renton | $674.9K | $738K | +9.3% |
Seattle East | $1.0M | $1.1M | +8.9% |
Kent | $600K | $640K | +6.7% |
Newcastle | $1.4M | $1.4M | 0.5% |
Housing Supply in Renton, WA
How many homes are available in Renton, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
282 | 337 | +19.5% |
Summary: The Renton real estate market had 337 homes for sale in April 2024, a 19.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 9 | +28.6% |
2 Bedrooms | 46 | 61 | +32.6% |
3 Bedrooms | 107 | 123 | +15.0% |
4 Bedrooms | 80 | 94 | +17.5% |
5+ Bedrooms | 42 | 50 | +19.0% |
Summary: The Renton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 108 | +9.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Renton in April 2024, up by 9.1% month-over-month. Of the 108 sold homes, 19% were sold under asking, 24% were sold at asking, and 56% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -19.8% |
Summary: Homes in Renton had an average of 20 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
93 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 108 homes were sold in Renton; 86% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.