Is Blaine, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blaine is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Blaine, WA

How much do homes in Blaine, WA cost?

Median Sold Price

$555,500

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,500(+8.9%)

Key Takeaway

Homes in Blaine have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Blaine was $555,500 in November 2024, up 8.9% from last year, and the median price per square foot was $353.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $205K$246K
+20.0%
2 $389.5K$423.5K
+8.7%
3 $525K$607K
+15.6%
4 $647.5K$825K
+27.4%
5+ $785K$800K
+1.9%

Summary: Blaine housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 1.9%.

Housing Supply in Blaine, WA

How many homes are available in Blaine, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
205192-6.3%

Summary: The Blaine real estate market had 192 homes for sale in November 2024, a 6.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1617
+6.3%
2 4743
-8.5%
3 9587
-8.4%
4 4037
-7.5%
5+ 78
+14.3%

Summary: The Blaine housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3942+7.7%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blaine, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Blaine in November 2024, up by 7.7% month-over-month. Of the 42 sold homes, 50% were sold under asking, 38% were sold at asking, and 12% 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

Nov 2023Nov 2024CHANGE
53 Days43 Days-20.2%

Summary: Homes in Blaine had an average of 43 days on market in Nov 2024, down by 20.2% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 42 homes were sold in Blaine; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

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