Is Blaine, 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, Blaine was a Seller's Market.
Key Takeaway
Blaine 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 Blaine, WA
How much do homes in Blaine, WA cost?
Median Sold Price
$525,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blaine have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Blaine was $525,000 in May 2024, down 0.9% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $215K | -4.4% |
| 2 Bedrooms | $400K | $392.7K | -1.8% |
| 3 Bedrooms | $539K | $542K | +0.6% |
| 4 Bedrooms | $657K | $682K | +3.8% |
| 5+ Bedrooms | $592.5K | $799.9K | +35.0% |
Summary: Blaine housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 35%.
Housing Supply in Blaine, WA
How many homes are available in Blaine, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 147 | 183 | +24.5% |
Summary: The Blaine real estate market had 183 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 31 | 46 | +48.4% |
| 3 Bedrooms | 68 | 77 | +13.2% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Blaine housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 48.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 29 | -19.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blaine, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Blaine in May 2024, down by 19.4% month-over-month. Of the 29 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for Blaine, WA
How long does it take to sell a home in Blaine, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +3.7% |
Summary: Homes in Blaine had an average of 26 days on market in May 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Blaine are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Blaine; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.