Is Blaine, 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, Blaine has remained a Seller's Market.
Housing Prices in Blaine, WA
How much do homes in Blaine, WA cost?
Median Sold Price
$515,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Blaine was $515,000 in March 2024, down 9% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $222.5K | +4.7% |
2 Bedrooms | $500K | $389.5K | -22.1% |
3 Bedrooms | $570K | $534.5K | -6.2% |
4 Bedrooms | $664.5K | $645K | -2.9% |
5+ Bedrooms | $583.5K | $770K | +32.0% |
Summary: Blaine housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 32%.
Housing Supply in Blaine, WA
How many homes are available in Blaine, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 120 | +17.6% |
Summary: The Blaine real estate market had 120 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 18 | 21 | +16.7% |
3 Bedrooms | 50 | 61 | +22.0% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Blaine housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 31 | +55.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Blaine in March 2024, up by 55.0% month-over-month. Of the 31 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for Blaine, WA
How long does it take to sell a home in Blaine, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 53 Days | -25.2% |
Summary: Homes in Blaine had an average of 53 days on market in Mar 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Blaine; 55% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.