Eastside December single-family market report: median sales price sky rockets to close 2021
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/Median-Sales-Price-2-864x576.jpg)
Happy new year! The numbers for how the Eastside single-family and townhome market did in December are in so let’s take a look at how 2021 wrapped up!
I expected median sales price to climb in December due to low inventory but it absolutely skyrocketed to a new all-time high to $1,649,000. The number of new listings in December didn’t set a new low but it came close with just 182 sellers putting their homes on the market.
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/New-Listings-1024x707.jpg)
Naturally, median price per square foot hit a new high at $644.
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/Median-Price-Per-Sq-Ft-1024x708.jpg)
Median percent of list price climbed again to 11% over the asking price for homes, a clear indication of the continued sellers market.
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/Percent-of-List-Price-1024x712.jpg)
Despite the competition, buyers put 202 homes under contract but this was an all-time low for December.
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/Pending-Sales-1024x715.jpg)
At the end of the month, there were just 37 homes left for sale across the entire Eastside.
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/Homes-for-Sale-1024x718.jpg)
Months of supply is the measure of how long it’d take to sell all the condos on the market. The all-time low continued with just 3 days of inventory at the end of the month. If you’re thinking about selling, the buyers are there – we’re expecting a hot start to the first half of the year!
![](https://www.urbnlivn.com/wp-content/uploads/2022/01/Months-Supply-Inventory-Closed-1024x720.jpg)