Is Belfair, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Belfair has remained a Seller's Market.
Key Takeaway
Belfair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belfair, WA
How much do homes in Belfair, WA cost?
Median Sold Price
$455,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Belfair have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Belfair was $455,000 in March 2024, up 4.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $445K | $250K | -43.8% |
| 2 Bedrooms | $384K | $525K | +36.7% |
| 3 Bedrooms | $440K | $430K | -2.3% |
| 4 Bedrooms | $632.5K | $520K | -17.8% |
| 5+ Bedrooms | $740K | $519.9K | -29.7% |
Summary: Belfair housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 36.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Allyn | $505K | $540K | +6.9% |
| Belfair | $435K | $455K | +4.6% |
| Union-Grapeview | $450K | $469K | +4.2% |
| Belfair-Tahuya | $432.5K | $450K | +4.0% |
Housing Supply in Belfair, WA
How many homes are available in Belfair, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 61 | +1.7% |
Summary: The Belfair real estate market had 61 homes for sale in March 2024, a 1.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 39 | 38 | -2.6% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Belfair housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belfair, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Belfair in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Belfair, WA
How long does it take to sell a home in Belfair, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 59 Days | +11.6% |
Summary: Homes in Belfair had an average of 59 days on market in Mar 2024, up by 11.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belfair are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Belfair; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% 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.