Is Broadway, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Broadway was a Seller's Market.
Key Takeaway
Broadway is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Broadway, WA
How much do homes in Broadway, WA cost?
Median Sold Price
$587,000
$641/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Broadway have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Broadway was $587,000 in April 2024, up 2.4% from last year, and the median price per square foot was $641.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $425K | $399.5K | -6.0% |
| 2 Bedrooms | $683K | $665K | -2.6% |
| 3 Bedrooms | $1.1M | $1.1M | +4.0% |
| 4 Bedrooms | $1.0M | $1.6M | +54.1% |
| 5+ Bedrooms | $4.1M | $2.4M | -40.9% |
Summary: Broadway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 54.1%, and 5+ bedroom homes decreased by 40.9%.
Median Sold Price Compared To Nearby Neighborhoods
| First Hill | $453.9K | $524.9K | +15.6% |
| Stevens | $1.0M | $1.0M | +7.5% |
| Broadway | $573.5K | $587K | +2.4% |
| Capitol Hill | $1.8M | $1.8M | +0.7% |
Housing Supply in Broadway, WA
How many homes are available in Broadway, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 97 | +47.0% |
Summary: The Broadway real estate market had 97 homes for sale in April 2024, a 47.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 40 | +66.7% |
| 2 Bedrooms | 23 | 36 | +56.5% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Broadway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 56.5%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broadway, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Broadway in April 2024, down by 28.6% month-over-month. Of the 15 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Broadway, WA
How long does it take to sell a home in Broadway, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +4.9% |
Summary: Homes in Broadway had an average of 34 days on market in Apr 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broadway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Broadway; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.