Is East Central, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East Central has remained a Seller's Market.
Housing Prices in East Central, WA
How much do homes in East Central, WA cost?
Median Sold Price
$300,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Central was $300,000 in April 2024, down 13% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $280K | +7.7% |
2 Bedrooms | $295K | $239K | -19.0% |
3 Bedrooms | $349.9K | $299.9K | -14.3% |
4 Bedrooms | $345K | $346.2K | 0.4% |
5+ Bedrooms | $510K | $360K | -29.4% |
Summary: East Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 29.4%.
Median Sold Price Compared To Nearby Neighborhoods
East Central | $345K | $300K | -13.0% |
Union Park | $327.4K | $250K | -23.7% |
Housing Supply in East Central, WA
How many homes are available in East Central, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 44 | +29.4% |
Summary: The East Central real estate market had 44 homes for sale in April 2024, a 29.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The East Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 17 | +112.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in East Central in April 2024, up by 112.5% month-over-month. Of the 17 sold homes, 12% were sold under asking, 35% were sold at asking, and 53% were sold over asking.
Days on Market for East Central, WA
How long does it take to sell a home in East Central, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 21 Days | +14.8% |
Summary: Homes in East Central had an average of 21 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in East Central; 82% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.