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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodland is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Woodland has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Woodland, WA

How much do homes in Woodland, WA cost?

Median Sold Price

$569,300

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$109,300(+23.8%)

Key Takeaway

Homes in Woodland have sold for 23.8% more than they did a year ago.

Summary: The median home sold price in Woodland was $569,300 in May 2024, up 23.8% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $114K$1.5M
+1215.8%
2 $380K$424.9K
+11.8%
3 $430K$575K
+33.7%
4 $535K$685K
+28.0%
5+ $610K$564.9K
-7.4%

Summary: Woodland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1215.8%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 33.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 7.4%.

Housing Supply in Woodland, WA

How many homes are available in Woodland, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
97970.0%

Summary: The Woodland real estate market had 97 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 42
-50.0%
3 4548
+6.7%
4 3432
-5.9%
5+ 1212
0.0%

Summary: The Woodland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2619-26.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodland, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Woodland in May 2024, down by 26.9% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.

Days on Market for Woodland, WA

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

Average Sale Time

May 2023May 2024CHANGE
50 Days63 Days+25.0%

Summary: Homes in Woodland had an average of 63 days on market in May 2024, up by 25% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 19 homes were sold in Woodland; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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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