Is Algona, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Algona is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Algona has remained a Seller's Market.

Key Takeaway

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

How much do homes in Algona, WA cost?

Median Sold Price

$450,000

$297/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2021.

Key Takeaway

The sold price of homes in Algona has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $380K$405K
+6.6%
3 $450K$440K
-2.2%
4 $530K$575K
+8.5%
5+ $542.5K$600K
+10.6%

Median Sold Price Compared To Nearby Cities

Auburn
+13.1%
Federal Way-Auburn
+10.7%
Pacific
+6.2%
Algona
0.0%

How many homes are available in Algona, WA?

Number of Homes For Sale

Oct 2022Nov 2022%
1821+16.7%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 12
+100.0%
3 1414
0.0%
4 35
+66.7%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Algona, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
36 Days27 Days-26.4%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Algona, WA

Number of homes for sale in Algona, WA real estate market have reached 21. The number of listings in Algona, WA increased by 16.7% between October 2022 and November 2022. While the average time on the market in November 2022 was 27 days, the median list price was $450,000. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 6.6%, 3 bedrooms properties became 2.2% more cheaper, prices of 4 bedrooms properties went up by 8.5%, 5 bedrooms properties prices increased by 10.6%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 100%, the quantity of 3 bedrooms homes have not changed, the quantity of 4 bedrooms homes went up by 66.7%, 5 bedrooms homes inventory did not change. Over 0 listings were sold over their listed price in November 2022 in Algona, WA. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price.

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