$3,978 Closing Credit*
$335,000
787 SqFt
2 Beds
•1 Full Bath
Kathleen Anne Voss, Listing Office: Redfin
Is Renton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$749,815
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,815(+4.1%)
Key Takeaway
Homes in Renton have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Renton was $749,815 in November 2024, up 4.1% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272K | $264.8K | -2.6% |
| 2 Bedrooms | $420K | $435K | +3.6% |
| 3 Bedrooms | $670K | $699.9K | +4.5% |
| 4 Bedrooms | $820K | $875K | +6.7% |
| 5+ Bedrooms | $1.0M | $1.2M | +14.3% |
Summary: Renton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.6M | +33.3% |
| Seattle East | $1.1M | $1.3M | +17.6% |
| Kent | $620K | $651K | +5.0% |
| Renton | $720K | $749.8K | +4.1% |
Housing Supply in Renton, WA
How many homes are available in Renton, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 470 | 380 | -19.1% |
Summary: The Renton real estate market had 380 homes for sale in November 2024, a 19.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 92 | 86 | -6.5% |
| 3 Bedrooms | 156 | 120 | -23.1% |
| 4 Bedrooms | 168 | 133 | -20.8% |
| 5+ Bedrooms | 44 | 32 | -27.3% |
Summary: The Renton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 155 | 97 | -37.4% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Renton, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 97 homes were sold or pending in Renton in November 2024, down by 37.4% month-over-month. Of the 97 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 36 Days | +3.4% |
Summary: Homes in Renton had an average of 36 days on market in Nov 2024, up by 3.4% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
12 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 November 2024, 97 homes were sold in Renton; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% 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.