Is Black Diamond, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Black Diamond has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.3M | $285K | -78.1% |
2 Bedrooms | $509.9K | $714.9K | +40.2% |
3 Bedrooms | $669.9K | $695.5K | +3.8% |
4 Bedrooms | $839.6K | $901.4K | +7.4% |
5+ Bedrooms | $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 | $799.9K | $837.5K | +4.7% |
Kent | $613.2K | $625.6K | +2.0% |
Enumclaw Plateau | $711.7K | $710.5K | -0.2% |
Maple Valley | $795.9K | $745K | -6.4% |
Housing Supply in Black Diamond, WA
How many homes are available in Black Diamond, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 53 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 15 | +15.4% |
3 Bedrooms | 11 | 15 | +36.4% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 7 | 10 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 11 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
54 Days | 86 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
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.