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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Napavine is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Napavine was a Seller's Market.

Key Takeaway

Napavine is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Napavine, WA

How much do homes in Napavine, WA cost?

Median Sold Price

$402,700

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$2,700(+0.7%)

Key Takeaway

Homes in Napavine have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in Napavine was $402,700 in May 2024, up 0.7% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $181.5K-
N/A
3 $400K$401.3K
0.3%
4 $410K$487.5K
+18.9%
5+ --
N/A

Summary: Napavine 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 did not change, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes did not change.

Housing Supply in Napavine, WA

How many homes are available in Napavine, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
13130.0%

Summary: The Napavine real estate market had 13 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 56
+20.0%
5+ 00
0.0%

Summary: The Napavine 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 12.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 2 homes were sold or pending in Napavine in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Napavine, WA

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

Average Sale Time

May 2023May 2024CHANGE
40 Days38 Days-5.3%

Summary: Homes in Napavine had an average of 38 days on market in May 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Napavine has remained consistent over time.

Summary: During May 2024, 2 homes were sold in Napavine; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 5 Days Ago

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