Is Blaine, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Blaine was a Seller's Market.
Housing Prices in Blaine, WA
How much do homes in Blaine, WA cost?
Median Sold Price
$525,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Blaine was $525,000 in May 2024, down 0.9% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $215K | -4.4% |
2 Bedrooms | $400K | $392.7K | -1.8% |
3 Bedrooms | $539K | $542K | +0.6% |
4 Bedrooms | $657K | $682K | +3.8% |
5+ Bedrooms | $592.5K | $799.9K | +35.0% |
Summary: Blaine housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 35%.
Housing Supply in Blaine, WA
How many homes are available in Blaine, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
147 | 183 | +24.5% |
Summary: The Blaine real estate market had 183 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 31 | 46 | +48.4% |
3 Bedrooms | 68 | 77 | +13.2% |
4 Bedrooms | 33 | 41 | +24.2% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Blaine housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 48.4%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 29 | -19.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Blaine in May 2024, down by 19.4% month-over-month. Of the 29 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.
Days on Market for Blaine, WA
How long does it take to sell a home in Blaine, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +3.7% |
Summary: Homes in Blaine had an average of 26 days on market in May 2024, up by 3.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Blaine; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.