Is Packwood, 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, Packwood has remained a Seller's Market.
Key Takeaway
Packwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Packwood, WA
How much do homes in Packwood, WA cost?
Median Sold Price
$445,000
$388/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Packwood have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Packwood was $445,000 in May 2024, down 1.1% from last year, and the median price per square foot was $388.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $430K | +56.4% |
| 2 Bedrooms | $450K | $425K | -5.6% |
| 3 Bedrooms | $522.5K | $510K | -2.4% |
| 4 Bedrooms | $565K | $425K | -24.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Packwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.4%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Randle | $355K | $400K | +12.7% |
| Ashford | $464K | $474.7K | +2.3% |
| Big Bottom | $425K | $430K | +1.2% |
| Packwood | $450K | $445K | -1.1% |
Housing Supply in Packwood, WA
How many homes are available in Packwood, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 33 | +32.0% |
Summary: The Packwood real estate market had 33 homes for sale in May 2024, a 32.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Packwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Packwood, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Packwood in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Packwood, WA
How long does it take to sell a home in Packwood, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 8 Days | 48 Days | +481.8% |
Summary: Homes in Packwood had an average of 48 days on market in May 2024, up by 481.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Packwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Packwood; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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.