Is Black Diamond, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Diamond is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Black Diamond, WA

How much do homes in Black Diamond, WA cost?

Median Sold Price

$837,500

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$37,550(+4.7%)

Key Takeaway

Homes in Black Diamond have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Black Diamond was $837,500 in February 2024, up 4.7% from last year, and the median price per square foot was $317.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $1.3M$285K
-78.1%
2 $509.9K$714.9K
+40.2%
3 $669.9K$695.5K
+3.8%
4 $839.6K$901.4K
+7.4%
5+ $921.1K$944.2K
+2.5%

Summary: Black Diamond housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 78.1%, 2 bedroom homes increased by 40.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Black Diamond
+4.7%
Kent
+2.0%
Enumclaw Plateau
-0.2%
Maple Valley
-6.4%

Housing Supply in Black Diamond, WA

How many homes are available in Black Diamond, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4253+26.2%

Summary: The Black Diamond real estate market had 53 homes for sale in February 2024, a 26.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1315
+15.4%
3 1115
+36.4%
4 1012
+20.0%
5+ 710
+42.9%

Summary: The Black Diamond housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Diamond, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in Black Diamond in February 2024, up by 37.5% month-over-month. Of the 11 sold homes, 27% were sold under asking, 36% were sold at asking, and 36% were sold over asking.

Days on Market for Black Diamond, WA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
54 Days86 Days+59.1%

Summary: Homes in Black Diamond had an average of 86 days on market in Feb 2024, up by 59.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Black Diamond; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% 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 27 Days Ago

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