Is Aberdeen-Hoquiam, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aberdeen-Hoquiam is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Aberdeen-Hoquiam has remained a Seller's Market.

Key Takeaway

Aberdeen-Hoquiam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Aberdeen-Hoquiam, WA

How much do homes in Aberdeen-Hoquiam, WA cost?

Median Sold Price

$260,000

$174/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since March 2023.

Key Takeaway

The sold price of homes in Aberdeen-Hoquiam has remained the same since last year.

Summary: The median home sold price in Aberdeen-Hoquiam was $260,000 in March 2024, the same as last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $125K$165K
+32.0%
2 $210K$216.4K
+3.1%
3 $280K$285K
+1.8%
4 $282.5K$301K
+6.5%
5+ $320K$362.5K
+13.3%

Summary: Aberdeen-Hoquiam housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Cities

Aberdeen
+13.0%
Cosmopolis
+9.4%
Hoquiam
+4.2%
Aberdeen-Hoquiam
0.0%

Housing Supply in Aberdeen-Hoquiam, WA

How many homes are available in Aberdeen-Hoquiam, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
106118+11.3%

Summary: The Aberdeen-Hoquiam real estate market had 118 homes for sale in March 2024, a 11.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 43
-25.0%
2 1917
-10.5%
3 6365
+3.2%
4 1324
+84.6%
5+ 79
+28.6%

Summary: The Aberdeen-Hoquiam housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 84.6%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2335+52.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aberdeen-Hoquiam, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Aberdeen-Hoquiam in March 2024, up by 52.2% month-over-month. Of the 35 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.

Days on Market for Aberdeen-Hoquiam, WA

How long does it take to sell a home in Aberdeen-Hoquiam, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
41 Days56 Days+37.8%

Summary: Homes in Aberdeen-Hoquiam had an average of 56 days on market in Mar 2024, up by 37.8% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aberdeen-Hoquiam are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 35 homes were sold in Aberdeen-Hoquiam; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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