Is Ballard, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ballard has remained a Seller's Market.
Key Takeaway
Ballard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ballard, WA
How much do homes in Ballard, WA cost?
Median Sold Price
$875,000
$586/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ballard have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in Ballard was $875,000 in April 2024, down 2.4% from last year, and the median price per square foot was $586.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $483K | $474K | -1.9% |
| 2 Bedrooms | $729.9K | $725K | -0.7% |
| 3 Bedrooms | $925.5K | $935K | +1.0% |
| 4 Bedrooms | $1.2M | $1.2M | -1.5% |
| 5+ Bedrooms | $1.5M | $1.5M | -5.5% |
Summary: Ballard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Whittier Heights | $870K | $872.4K | 0.3% |
| Ballard | $896.6K | $875K | -2.4% |
| Loyal Heights | $995.9K | $906K | -9.0% |
Housing Supply in Ballard, WA
How many homes are available in Ballard, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 178 | 215 | +20.8% |
Summary: The Ballard real estate market had 215 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 27 | +12.5% |
| 2 Bedrooms | 54 | 71 | +31.5% |
| 3 Bedrooms | 75 | 82 | +9.3% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Ballard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 31.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 63 | -16.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballard, expect to pay close to the asking price. 41.3% of homes here sold near the asking price last month.
Summary: A total of 63 homes were sold or pending in Ballard in April 2024, down by 16.0% month-over-month. Of the 63 sold homes, 22% were sold under asking, 41% were sold at asking, and 37% were sold over asking.
Days on Market for Ballard, WA
How long does it take to sell a home in Ballard, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +7.7% |
Summary: Homes in Ballard had an average of 18 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ballard are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 63 homes were sold in Ballard; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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.