Is Northwest, 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, Northwest has remained a Seller's Market.
Housing Prices in Northwest, WA
How much do homes in Northwest, WA cost?
Median Sold Price
$799,930
$540/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest was $799,930 in April 2024, down 2.4% from last year, and the median price per square foot was $540.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $365K | $379.9K | +4.1% |
2 Bedrooms | $647K | $655K | +1.2% |
3 Bedrooms | $879.8K | $850K | -3.4% |
4 Bedrooms | $1.1M | $1.1M | +1.3% |
5+ Bedrooms | $1.3M | $1.3M | +0.7% |
Summary: Northwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 0.7%.
Housing Supply in Northwest, WA
How many homes are available in Northwest, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
212 | 282 | +33.0% |
Summary: The Northwest real estate market had 282 homes for sale in April 2024, a 33.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 21 | -4.5% |
2 Bedrooms | 68 | 100 | +47.1% |
3 Bedrooms | 65 | 95 | +46.2% |
4 Bedrooms | 42 | 45 | +7.1% |
5+ Bedrooms | 15 | 21 | +40.0% |
Summary: The Northwest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 89 | +3.5% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Northwest in April 2024, up by 3.5% month-over-month. Of the 89 sold homes, 22% were sold under asking, 33% were sold at asking, and 45% were sold over asking.
Days on Market for Northwest, WA
How long does it take to sell a home in Northwest, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 12 Days | -39.2% |
Summary: Homes in Northwest had an average of 12 days on market in Apr 2024, down by 39.2% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in Northwest; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.