Is Othello, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Othello was a Seller's Market.
Housing Prices in Othello, WA
How much do homes in Othello, WA cost?
Median Sold Price
$353,300
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Othello was $353,300 in May 2024, up 0.9% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $264.5K | $233K | -11.9% |
3 Bedrooms | $339.9K | $341.8K | 0.5% |
4 Bedrooms | $439.9K | $424.9K | -3.4% |
5+ Bedrooms | $352.5K | $484.9K | +37.6% |
Summary: Othello housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 37.6%.
Housing Supply in Othello, WA
How many homes are available in Othello, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 30 | -21.1% |
Summary: The Othello real estate market had 30 homes for sale in May 2024, a 21.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 23 | 18 | -21.7% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Othello housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Othello in May 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Othello, WA
How long does it take to sell a home in Othello, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
95 Days | 48 Days | -49.6% |
Summary: Homes in Othello had an average of 48 days on market in May 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Othello; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.