Is Deer Park, 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, Deer Park was a Seller's Market.
Key Takeaway
Deer Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Deer Park, WA
How much do homes in Deer Park, WA cost?
Median Sold Price
$454,990
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Deer Park have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Deer Park was $454,990 in May 2024, up 8.6% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $365K | $302.5K | -17.1% |
| 3 Bedrooms | $411.4K | $429.5K | +4.4% |
| 4 Bedrooms | $499.9K | $500K | 0.0% |
| 5+ Bedrooms | $476.1K | $529.9K | +11.3% |
Summary: Deer Park 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 decreased by 17.1%, 3 bedroom homes increased by 4.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.3%.
Housing Supply in Deer Park, WA
How many homes are available in Deer Park, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 87 | +27.9% |
Summary: The Deer Park real estate market had 87 homes for sale in May 2024, a 27.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 33 | 42 | +27.3% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 8 | 14 | +75.0% |
Summary: The Deer Park 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 increased by 27.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Deer Park, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Deer Park in May 2024, up by 16.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Deer Park, WA
How long does it take to sell a home in Deer Park, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 40 Days | +41.2% |
Summary: Homes in Deer Park had an average of 40 days on market in May 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Deer Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 14 homes were sold in Deer Park; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS 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.