Is Cascade Park Area, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cascade Park Area has remained a Seller's Market.
Key Takeaway
Cascade Park Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cascade Park Area, WA
How much do homes in Cascade Park Area, WA cost?
Median Sold Price
$520,000
$316/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Cascade Park Area has remained the same since last year.
Summary: The median home sold price in Cascade Park Area was $520,000 in May 2024, the same as last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $250K | -6.5% |
| 2 Bedrooms | $437K | $479.5K | +9.7% |
| 3 Bedrooms | $500K | $517.5K | +3.5% |
| 4 Bedrooms | $595K | $570K | -4.2% |
| 5+ Bedrooms | $808.5K | $653K | -19.2% |
Summary: Cascade Park Area housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 19.2%.
Housing Supply in Cascade Park Area, WA
How many homes are available in Cascade Park Area, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 62 | 0.0% |
Summary: The Cascade Park Area real estate market had 62 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 23 | +43.8% |
| 3 Bedrooms | 32 | 28 | -12.5% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Cascade Park Area 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 increased by 43.8%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cascade Park Area, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Cascade Park Area in May 2024, down by 42.1% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Cascade Park Area, WA
How long does it take to sell a home in Cascade Park Area, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 9 Days | -40.2% |
Summary: Homes in Cascade Park Area had an average of 9 days on market in May 2024, down by 40.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cascade Park Area are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Cascade Park Area; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.