Is West Hazel Dell, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hazel Dell is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, West Hazel Dell has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Hazel Dell, WA

How much do homes in West Hazel Dell, WA cost?

Median Sold Price

$519,000

$287/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$38,000(+7.9%)

Key Takeaway

Homes in West Hazel Dell have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in West Hazel Dell was $519,000 in May 2024, up 7.9% from last year, and the median price per square foot was $287.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$320.2K
N/A
2 $240K$400.2K
+66.8%
3 $445K$490.1K
+10.1%
4 $550K$579.5K
+5.4%
5+ $587.5K$599.9K
+2.1%

Summary: West Hazel Dell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 66.8%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 2.1%.

Housing Supply in West Hazel Dell, WA

How many homes are available in West Hazel Dell, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4342-2.3%

Summary: The West Hazel Dell real estate market had 42 homes for sale in May 2024, a 2.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 2724
-11.1%
4 1012
+20.0%
5+ 21
-50.0%

Summary: The West Hazel Dell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hazel Dell, you could pay more than the asking price. 77.8% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in West Hazel Dell in May 2024, down by 30.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 0% were sold at asking, and 78% were sold over asking.

Days on Market for West Hazel Dell, WA

How long does it take to sell a home in West Hazel Dell, WA?

Average Sale Time

May 2023May 2024CHANGE
6 Days19 Days+199.1%

Summary: Homes in West Hazel Dell had an average of 19 days on market in May 2024, up by 199.1% compared to last year.

Breakdown of Home Sale Times

8 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

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

Summary: During May 2024, 9 homes were sold in West Hazel Dell; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% 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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