Is Adams, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Adams has remained a Seller's Market.
Key Takeaway
Adams is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Adams, WA
How much do homes in Adams, WA cost?
Median Sold Price
$800,000
$612/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Adams have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Adams was $800,000 in May 2024, down 2.4% from last year, and the median price per square foot was $612.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $450K | -6.3% |
| 2 Bedrooms | $689.9K | $699.9K | +1.5% |
| 3 Bedrooms | $900K | $969K | +7.7% |
| 4 Bedrooms | $1.1M | $1.1M | +2.3% |
| 5+ Bedrooms | $1.1M | $1.0M | -6.0% |
Summary: Adams housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| West Woodland | $814.9K | $843.4K | +3.5% |
| Ballard | $884.9K | $879.7K | -0.6% |
| Adams | $820K | $800K | -2.4% |
| Gilman Park | $824.9K | $790K | -4.2% |
| Salmon Bay Park | $1.1M | $895K | -21.1% |
Housing Supply in Adams, WA
How many homes are available in Adams, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 69 | +25.5% |
Summary: The Adams real estate market had 69 homes for sale in May 2024, a 25.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 16 | +45.5% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Adams housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 19 | -5.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Adams, you could pay more than the asking price. 47.4% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Adams in May 2024, down by 5.0% month-over-month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for Adams, WA
How long does it take to sell a home in Adams, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 19 Days | +30.4% |
Summary: Homes in Adams had an average of 19 days on market in May 2024, up by 30.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Adams are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Adams; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service 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.