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 neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Aberdeen-Hoquiam was a Seller's Market.

Key Takeaway

Aberdeen-Hoquiam 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 Aberdeen-Hoquiam, WA

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

Median Sold Price

$265,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$7,863(+3.1%)

Key Takeaway

Homes in Aberdeen-Hoquiam have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Aberdeen-Hoquiam was $265,000 in September 2024, up 3.1% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $153.7K$150K
-2.4%
2 $200K$213.9K
+7.0%
3 $279.9K$281.7K
+0.7%
4 $269.5K$295K
+9.5%
5+ $327.5K$349.9K
+6.8%

Summary: Aberdeen-Hoquiam housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 6.8%.

Median Sold Price Compared To Nearby Cities

Hoquiam
+6.5%
Aberdeen-Hoquiam
+3.1%
Aberdeen
-0.9%

Housing Supply in Aberdeen-Hoquiam, WA

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
180198+10.0%

Summary: The Aberdeen-Hoquiam real estate market had 198 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 3737
0.0%
3 8095
+18.8%
4 5454
0.0%
5+ 58
+60.0%

Summary: The Aberdeen-Hoquiam housing inventory by bedroom type for September 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 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3129-6.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 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. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Aberdeen-Hoquiam in September 2024, down by 6.5% month-over-month. Of the 29 sold homes, 48% were sold under asking, 31% were sold at asking, and 21% 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

Sep 2023Sep 2024CHANGE
30 Days36 Days+21.0%

Summary: Homes in Aberdeen-Hoquiam had an average of 36 days on market in Sep 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 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 September 2024, 29 homes were sold in Aberdeen-Hoquiam; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 7% 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 4 Days Ago

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