Lower Queen Anne Housing Market Report December 2024•King County, Washington

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Housing Prices in Lower Queen Anne, WA

How much do homes in Lower Queen Anne, WA cost?

Housing Market Conditions

Is Lower Queen Anne, 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

Lower Queen Anne is a Seller's Market

Difference Since November 2024

Last month, Lower Queen Anne has remained a Seller's Market.

Insight

Lower Queen Anne 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.
$458,500$575/SqFt
-$28,000
-5.8%

Based on all homes sold in December 2024

Insight

Homes in Lower Queen Anne have sold for 5.8% less than they did a month ago.

Summary: The median home sold price in Lower Queen Anne was $458,500 in December 2024, down 5.8% from last month, and the median price per square foot was $575.

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 MoM
Westlake
+87.1%
Lower Queen Anne
-5.8%

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.
BedsNov 2024Dec 2024Change MoM
1$310K$392.5K
+26.6%
2$775.5K$620K
-20.1%
3$995K$1.5M
+55.8%
4--
N/A
5--
N/A

Summary: Lower Queen Anne housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes increased by +26.6%. The home price for 2 bedroom homes decreased by -20.1%. The home price for 3 bedroom homes increased by +55.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Lower Queen Anne, WA

How many homes are available in Lower Queen Anne, 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
34Last MonthDec 2024
332 months agoNov 2024
+3.0 %
Change MoMNov – Dec

Summary: The Lower Queen Anne real estate market had 34 homes for sale in Dec 2024, a 3.0 % increase 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
10Last MonthDec 2024
82 months agoNov 2024
+25.0 %
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
11311
-15.4%
21414
0.0%
358
+60.0%
400
0.0%
511
0.0%

Summary: Lower Queen Anne housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -15.4%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +60.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Lower Queen Anne, 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 Price1 Home

At Asking Price4 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in Lower Queen Anne, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lower Queen Anne in December 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and and 10% were sold over asking.

Days on Market for Lower Queen Anne, WA

How long does it take to sell a home in Lower Queen Anne, WA?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days3 Homes

Over 90 Days3 Homes

Insight

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

Summary: During December 2024, 10 homes were sold in Lower Queen Anne; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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.
Last Month1 month agoChange MoM
74 DaysLast MonthDec 2024
65 Days1 month agoNov 2024
+12.7 %
Change MoMNov – Dec

Summary: Homes in Lower Queen Anne had an average listing age of 74 days in Dec 2024, up by 12.7% compared to the previous month.

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Newest Listings in Lower Queen Anne, WA

What homes are available in Lower Queen Anne, WA?

New listings aren’t available for Lower Queen Anne, WA

Nearby markets

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