Is Castle Rock, 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, Castle Rock has remained a Seller's Market.
Housing Prices in Castle Rock, WA
How much do homes in Castle Rock, WA cost?
Median Sold Price
$442,500
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Castle Rock was $442,500 in May 2024, up 15.5% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $385K | +83.3% |
2 Bedrooms | $268K | $309.5K | +15.5% |
3 Bedrooms | $415K | $439K | +5.8% |
4 Bedrooms | $550K | $547.5K | -0.5% |
5+ Bedrooms | $407K | $522.5K | +28.4% |
Summary: Castle Rock housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 28.4%.
Housing Supply in Castle Rock, WA
How many homes are available in Castle Rock, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 76 | +13.4% |
Summary: The Castle Rock real estate market had 76 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 43 | 42 | -2.3% |
4 Bedrooms | 18 | 25 | +38.9% |
5+ Bedrooms | 1 | 5 | +400.0% |
Summary: The Castle Rock 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 decreased by 25%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 400%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 19 | +18.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Castle Rock in May 2024, up by 18.8% month-over-month. Of the 19 sold homes, 26% were sold under asking, 42% were sold at asking, and 32% were sold over asking.
Days on Market for Castle Rock, WA
How long does it take to sell a home in Castle Rock, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 58 Days | -1.9% |
Summary: Homes in Castle Rock had an average of 58 days on market in May 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Castle Rock; 79% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.