Kenmore WA Real Estate Market Update (October 2025)

Welcome to your detailed Kenmore WA Real Estate Market Update for October 2025, presented by Chris Byler. This video breaks down the crucial September sales figures and housing trends impacting Northshore Summit and the surrounding Kenmore area.

September 2025 Key Data Highlights:

• Median Sales Price: The median sales price in Kenmore fell to $1,050,000 in September, down from the $1,200,000 recorded in August.

• Price Per Square Foot: Despite the dip in median price, the average dollar per square foot rose to $518 (up from $483 in August).

• Market Activity: The number of pending sales remained steady at 16, consistent with the previous month and the same period last year.

• Inventory: The number of active listings is significantly higher compared to a year ago.

• Selling Trends: On average, homes are selling for under asking, with the sale price to list price ratio now at 95%.

• Days on Market (DOM): Houses that sold spent an average of 55 days on the market, showing a change in pace.

• Absorption Rate: The current absorption rate for Kenmore is 3.5 months, meaning it would take approximately three and a half months to sell all current inventory.

For example, a 2,000 square foot, four-bedroom home in the North Lake Heights neighborhood sold for the median price of $1,050,000 last month.

If you have any questions about this Kenmore real estate data, or if you are considering buying or selling a home in the North End, please reach out to discuss your specific goals.

I would love to hear from you!

Contact Chris Byler: Phone: 206-601-8945

Email: ChrisByler@windermere.com

Website: www.NorthEndHomes.com