Is Woodway, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Woodway has remained a Seller's Market.
Key Takeaway
Woodway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Woodway, WA
How much do homes in Woodway, WA cost?
Median Sold Price
$2,112,500
$677/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Woodway have sold for 50.1% more than they did a month ago.
Summary: The median home sold price in Woodway was $2,112,500 in May 2024, up 50.1% from last month, and the median price per square foot was $677.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $1.4M | $1.3M | -4.4% |
| 4 Bedrooms | - | $1.6M | N/A |
| 5+ Bedrooms | - | $2.9M | N/A |
Summary: Woodway 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 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Woodway, WA
How many homes are available in Woodway, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Summary: The Woodway real estate market had 12 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Woodway 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Woodway, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Woodway in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Woodway, WA
How long does it take to sell a home in Woodway, WA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 17 Days | -77.2% |
Summary: Homes in Woodway had an average of 17 days on market in May 2024, down by 77.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Woodway are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Woodway; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.