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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salkum is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Salkum was a Neutral Market.

Key Takeaway

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

Housing Prices in Salkum, WA

How much do homes in Salkum, WA cost?

Median Sold Price

$500,000

$238/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$213,400(-29.9%)

Key Takeaway

Homes in Salkum have sold for 29.9% less than they did a month ago.

Summary: The median home sold price in Salkum was $500,000 in May 2024, down 29.9% from last month, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $713.4K$500K
-29.9%
4 --
N/A
5+ --
N/A

Summary: Salkum 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 decreased by 29.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Salkum, WA

How many homes are available in Salkum, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
65-16.7%

Summary: The Salkum real estate market had 5 homes for sale in May 2024, a 16.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Salkum 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Salkum, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Salkum in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Salkum, WA

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

Average Sale Time

Apr 2024May 2024CHANGE
43 Days170 Days+295.3%

Summary: Homes in Salkum had an average of 170 days on market in May 2024, up by 295.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Salkum; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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