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 July 2021

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.

How much do homes in Black Diamond, WA cost?

Median Sold Price

$741,434

$312/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$141,690(+23.6%)

Key Takeaway

Homes in Black Diamond have sold for 23.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $325K$310K
-4.6%
2 $342K$466.2K
+36.3%
3 $486.4K$668K
+37.3%
4 $624.9K$772.3K
+23.6%
5+ $678.5K$833.2K
+22.8%

Median Sold Price Compared To Nearby Cities

Maple Valley
+26.3%
Enumclaw Plateau
+25.7%
Black Diamond
+23.6%
Tahoma-Maple Valley
+21.6%
Kent
+20.6%

How many homes are available in Black Diamond, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
4853+10.4%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 11
0.0%
2 24
+100.0%
3 1517
+13.3%
4 2122
+4.8%
5+ 99
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
818+125.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Black Diamond, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
8 Days17 Days+120.7%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Black Diamond, WA

Homes for sale in Black Diamond, WA have reached 53. The number of homes for sale in Black Diamond, WA increased by 10.4% between June 2022 and July 2022. While the average time on the market in July 2022 was 17 days, the median list price was $741,434. From June 2022 through July 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties decreased by 4.6%, 2 bedrooms properties became 36.3% more expensive, prices of 3 bedrooms properties increased by 37.3%, 4 bedrooms properties prices increased by 23.6%, 5 bedrooms properties prices increased by 22.8%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, volume of 2 bedrooms homes went up by 100%, volume of 3 bedrooms homes went up by 13.3%, number of 4 bedrooms homes increased by 4.8%, 5 bedrooms homes inventory did not change. In July 2022 more than 5 listings in Black Diamond, WA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 10 were sold below.

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