Eastside Condo Market Real Estate Stats
Updated January 2024
Eastside Condo Median Sales Price
The median sales price for Eastside condos (excluding new construction) increased slightly to $620,000. That’s still close to the all time high from May 2022. Condo prices on the Eastside are up 18% year-over-year.
Eastside Condo Median Sales Price Per Square Foot
Eastside Condo New Listings
How many new condo listings did we see on the Eastside in December?
New condo listings decreased over 100% month-over-month in December to just 46 new units for sale. This is flat year-over-year as December 2022 saw 47 new condo listings. Like single-family homes, this is the lowest level in the last 10 years.
Eastside Condo Pending Sales
How many homes went under contract or pending on the Eastside in December?
Pending condo sales dropped slightly from 75 to 70 pending condo sales on the Eastside in December. Buyers aren’t usually very active in December but this is nearing the 10-year low of December 2022.
Number of Eastside Condos For Sale
How many homes were for sale on the Eastside at the end of December?
We ended December with 110 condos for sale on the Eastside, a 33% drop month-over-month and down 23% from 2022.
Eastside Condo Median Days on Market
Median days on market stayed flat at 15 days in December. We’ll likely see this tick downward while we have few new listings and rates are lower than they were a few months ago.
Eastside Condo Median Percent of Last List Price
The median percent of last list price stayed relatively flat in December as there isn’t a lot of competition for condos right now.
Eastside Condo Closed Sales
How many condos closed on the Eastside in December?
65 condos closed on the Eastside in December, a 33% decrease from November. The 10-year low for closed condo sales on the Eastside was 62 in January 2023.
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 just under one month in December. A balanced market is considered to be 3 months, so we’re still far from a balanced market.