Kirkland Housing Market Report December 2024•King County, Washington

hero building illustration for mobile

Housing Prices in Kirkland, WA

How much do homes in Kirkland, WA cost?

Housing Market Conditions

Is Kirkland, WA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Kirkland is a Seller's Market

Difference Since December 2023

Since last year, Kirkland has remained a Seller's Market.

Insight

Kirkland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,380,054$715/SqFt
+$210,521
+18.0%

Based on all homes sold in the last 12 months

Insight

Homes in Kirkland have sold for 18% more than they did a year ago.

Summary: The median home sold price in Kirkland was $1,380,054 in December 2024, up 18% from last year, and the median price per square foot was $715.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Kirkland
+18.0%
Seattle East
+15.8%
Redmond
+10.8%
Bellevue
+10.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$397.5K$397K
-0.1%
2$616K$662.5K
+7.5%
3$1.1M$1.3M
+20.0%
4$1.5M$1.7M
+10.8%
5$2.2M$2.5M
+11.6%

Summary: Kirkland housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -0.1%. The home price for 2 bedroom homes increased by +7.5%. The home price for 3 bedroom homes increased by +20.0%. The home price for 4 bedroom homes increased by +10.8%. The home price for 5 bedroom homes increased by +11.6%.

Housing supply in Kirkland, WA

How many homes are available in Kirkland, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
313Last MonthDec 2024
3852 months agoNov 2024
-18.7 %
Change MoMNov – Dec

Summary: The Kirkland real estate market had 313 homes for sale in Dec 2024, a 18.7 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
96Last MonthDec 2024
1312 months agoNov 2024
-26.7 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
11313
0.0%
2115103
-10.4%
310176
-24.8%
49968
-31.3%
55753
-7.0%

Summary: Kirkland housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -10.4%. The inventory for 3 bedroom homes decreased by -24.8%. The inventory for 4 bedroom homes decreased by -31.3%. The inventory for 5 bedroom homes decreased by -7.0%.

Asking Price vs. Sold Price

How much do homes in Kirkland, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price19 Homes

At Asking Price28 Homes

Under Asking Price49 Homes

Insight

If you're buying a home in Kirkland, you may be able to get a good deal. 51% of homes here sold below asking price last month.

Summary: A total of 96 homes were sold or pending in Kirkland in December 2024, down by 26.7% month-over-month. Of the 96 sold homes, 51% were sold under asking, 29% were sold at asking, and and 20% were sold over asking.

Days on Market for Kirkland, WA

How long does it take to sell a home in Kirkland, WA?

Breakdown of Home Sale Times

Under 30 Days60 Homes

30 – 90 Days28 Homes

Over 90 Days8 Homes

Insight

Many homes in Kirkland are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 96 homes were sold in Kirkland; 63% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
32 DaysThis YearDec 2024
26 Days1 year agoDec 2023
+23.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Kirkland had an average listing age of 32 days in Dec 2024, up by 23.4% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Kirkland, WA

What homes are available in Kirkland, WA?

New listings aren’t available for Kirkland, WA

Nearby markets

Popular Cities with Homes for Sale in Washington

MLS Disclaimers and Copyright