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 Last Month

Since last month, 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.

Housing Prices in Algona, WA

How much do homes in Algona, WA cost?

Median Sold Price

$442,200

$315/sqft

Based on all homes sold in June 2024.

Difference Since Last Month

-$70,150(-13.7%)

Key Takeaway

Homes in Algona have sold for 13.7% less than they did a month ago.

Summary: The median home sold price in Algona was $442,200 in June 2024, down 13.7% from last month, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 --
N/A
3 $512.3K$431.2K
-15.8%
4 -$701K
N/A
5+ --
N/A

Summary: Algona housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Algona, WA

How many homes are available in Algona, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1112+9.1%

Summary: The Algona real estate market had 12 homes for sale in June 2024, a 9.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 00
0.0%
3 88
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Algona housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Algona, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Algona in June 2024, up by 200.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.

Days on Market for Algona, WA

How long does it take to sell a home in Algona, WA?

Average Sale Time

May 2024Jun 2024CHANGE
3 Days16 Days+461.1%

Summary: Homes in Algona had an average of 16 days on market in Jun 2024, up by 461.1% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was 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.

Summary: During June 2024, 6 homes were sold in Algona; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

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