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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cathlamet is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Cathlamet was a Buyer's Market.

Key Takeaway

Cathlamet 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 Cathlamet, WA

How much do homes in Cathlamet, WA cost?

Median Sold Price

$594,500

$301/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$202,000(+51.5%)

Key Takeaway

Homes in Cathlamet have sold for 51.5% more than they did a month ago.

Summary: The median home sold price in Cathlamet was $594,500 in May 2024, up 51.5% from last month, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $310K$580K
+87.1%
4 $475K$1.1M
+142.1%
5+ --
N/A

Summary: Cathlamet housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 87.1%, 4 bedroom homes increased by 142.1%, and 5+ bedroom homes did not change.

Housing Supply in Cathlamet, WA

How many homes are available in Cathlamet, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3237+15.6%

Summary: The Cathlamet real estate market had 37 homes for sale in May 2024, a 15.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 1922
+15.8%
4 910
+11.1%
5+ 00
0.0%

Summary: The Cathlamet 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 25%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cathlamet, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cathlamet in May 2024, up by 200.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cathlamet, WA

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

Average Sale Time

Apr 2024May 2024CHANGE
55 Days186 Days+239.1%

Summary: Homes in Cathlamet had an average of 186 days on market in May 2024, up by 239.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cathlamet are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 6 homes were sold in Cathlamet; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% 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 1 Day Ago

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