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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ilwaco is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Ilwaco has remained a Seller's Market.

Key Takeaway

Ilwaco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ilwaco, WA

How much do homes in Ilwaco, WA cost?

Median Sold Price

$375,000

$141/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$102,000(-21.4%)

Key Takeaway

Homes in Ilwaco have sold for 21.4% less than they did a month ago.

Summary: The median home sold price in Ilwaco was $375,000 in May 2024, down 21.4% from last month, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $840K$375K
-55.4%
3 $325K$246K
-24.3%
4 -$635K
N/A
5+ --
N/A

Summary: Ilwaco 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 decreased by 55.4%, 3 bedroom homes decreased by 24.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Ilwaco, WA

How many homes are available in Ilwaco, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1413-7.1%

Summary: The Ilwaco real estate market had 13 homes for sale in May 2024, a 7.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 76
-14.3%
4 56
+20.0%
5+ 00
0.0%

Summary: The Ilwaco 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 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
53-40.0%

Asking Price vs. Sold Price

2 Homes Were 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 Ilwaco, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Ilwaco in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Ilwaco, WA

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

Average Sale Time

Apr 2024May 2024CHANGE
76 Days31 Days-58.9%

Summary: Homes in Ilwaco had an average of 31 days on market in May 2024, down by 58.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ilwaco are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Ilwaco; 67% of homes were sold within 30 days, 33% 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 1 Day Ago

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