Is Black Diamond, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Black Diamond was a Neutral Market.
Key Takeaway
Black Diamond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Black Diamond, WA cost?
Median Sold Price
$810,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Black Diamond have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Black Diamond was $810,000 in August 2023, up 7.8% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $285K | -78.1% |
| 2 Bedrooms | $469.9K | $662.1K | +40.9% |
| 3 Bedrooms | $669.9K | $636K | -5.1% |
| 4 Bedrooms | $787.4K | $866.8K | +10.1% |
| 5+ Bedrooms | $865K | $955.9K | +10.5% |
Summary: Black Diamond housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 78.1%, 2 bedroom homes increased by 40.9%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Black Diamond | $751.1K | $810K | +7.8% |
| Kent | $600K | $610.5K | +1.8% |
| Enumclaw Plateau | $704.9K | $702K | -0.4% |
| Maple Valley | $800.4K | $737K | -7.9% |
Housing Supply
How many homes are available in Black Diamond, WA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 70 | 69 | -1.4% |
Summary: The Black Diamond real estate market had 69 homes for sale in August 2023, a 1.4% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 27 | 28 | +3.7% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Black Diamond housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Black Diamond, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Black Diamond in August 2023, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market
How long does it take to sell a home in Black Diamond, WA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 14 Days | 64 Days | +342.9% |
Summary: Homes in Black Diamond had an average of 64 days on market in Aug 2023, up by 342.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Black Diamond are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 18 homes were sold in Black Diamond; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 © 2023 Northwest MLS. All rights reserved.