$10,000 Closing Credit*
$950,000
2,280 SqFt
4 Beds
•1 Full Bath, 1 Partial
Sharon K. Mann, Listing Office: RE/MAX Eastside Brokers, Inc.
Is Renton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$745,317
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,921(+3.9%)
Key Takeaway
Homes in Renton have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Renton was $745,317 in October 2024, up 3.9% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $264.8K | -3.7% |
| 2 Bedrooms | $418.5K | $432.4K | +3.3% |
| 3 Bedrooms | $655K | $698K | +6.6% |
| 4 Bedrooms | $821K | $875K | +6.6% |
| 5+ Bedrooms | $1.0M | $1.2M | +18.1% |
Summary: Renton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.6M | +34.5% |
| Seattle East | $1.1M | $1.2M | +17.9% |
| Kent | $620K | $650.1K | +4.9% |
| Renton | $717.3K | $745.3K | +3.9% |
Housing Supply in Renton, WA
How many homes are available in Renton, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 484 | 496 | +2.5% |
Summary: The Renton real estate market had 496 homes for sale in October 2024, a 2.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 13 | -23.5% |
| 2 Bedrooms | 88 | 95 | +8.0% |
| 3 Bedrooms | 149 | 169 | +13.4% |
| 4 Bedrooms | 172 | 174 | +1.2% |
| 5+ Bedrooms | 58 | 45 | -22.4% |
Summary: The Renton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.5%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 22.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 139 | 145 | +4.3% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Renton, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 145 homes were sold or pending in Renton in October 2024, up by 4.3% month-over-month. Of the 145 sold homes, 43% were sold under asking, 25% were sold at asking, and 32% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 25 Days | +3.9% |
Summary: Homes in Renton had an average of 25 days on market in Oct 2024, up by 3.9% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 145 homes were sold in Renton; 73% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% 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.