Eastside Condo Market Real Estate Stats
Updated March 2023
Eastside Condo Median Sales Price
Median sales price (excluding new construction) dropped again slightly in Feburary to $510,000. What a difference a year makes – median sales price in February 2022 was at $551k and on the rise. There still are not a lot of buyers for condos on the Eastside at the moment if you’re looking and considering buying!
Eastside Condo Median Sales Price Per Square Foot
Eastside Condo New Listings
How many new condo listings did we see on the Eastside in February?
Oddly, new listings in February were flat month-over-month with 115 new condo listings total. One year ago, 197 condo listings hit the Eastside market.
Eastside Condo Pending Sales
How many homes went under contract or pending on the Eastside in February?
A good sign for sellers, pending sales in February increased ever so slightly with 114 condos being put under contract. We’d still love to see that number go up in March.
Number of Eastside Condos For Sale
How many homes were for sale on the Eastside at the end of February?
Available inventory continued to decline in February with only 108 condos for sale on the Eastside. The condo market continues to cool and sellers are hesitant to put their home on the market. Some are also deciding to de-list and look for a renter until things pick back up.
Eastside Condo Median Days on Market
Perhaps a sign of heightened interest in the Eastside condo market – median days on market dropped more than 50% to 17 days in February. In January, condos were on the market for a median of 37 days before finding a buyer. This suggests that buyers are watching the market for new listings regularly.
Eastside Condo Median Percent of Last List Price
The median percent of last list price in increased in February to 99%.
Eastside Condo Closed Sales
How many condos closed on the Eastside in February?
109 condos closed on the Eastside in February, up from 62 in January. Last year, 145 homes sold in February.
Eastside Condo Months of Supply of Inventory (Pending)
Months of supply, a measure of how long it’d take to sell all the homes for sale if no new homes hit the market, was down under a month in February. A balanced market is considered to be 3 months, so we’re still far from a balanced market.