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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bow is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Bow, WA

How much do homes in Bow, WA cost?

Median Sold Price

$675,000

$370/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,000(-1.5%)

Key Takeaway

Homes in Bow have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Bow was $675,000 in February 2024, down 1.5% from last year, and the median price per square foot was $370.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $429.9K$680K
+58.2%
2 $567.5K$600K
+5.7%
3 $669K$675K
+0.9%
4 $764.4K$752.5K
-1.6%
5+ $950K$1.0M
+5.3%

Summary: Bow housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 5.3%.

Median Sold Price Compared To Nearby Cities

Bay View
+7.8%
Bow
-1.5%

Housing Supply in Bow, WA

How many homes are available in Bow, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
914+55.6%

Summary: The Bow real estate market had 14 homes for sale in February 2024, a 55.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 49
+125.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Bow 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 decreased by 25%, 3 bedroom homes increased by 125%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 4 homes were sold or pending in Bow in February 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Bow, WA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
210 Days38 Days-81.8%

Summary: Homes in Bow had an average of 38 days on market in Feb 2024, down by 81.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 4 homes were sold in Bow; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in Bow, WA

Nearby Markets to Bow, WA

What housing markets are near Bow, WA?