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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carnation is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Carnation, WA

How much do homes in Carnation, WA cost?

Median Sold Price

$1,000,000

$442/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$90,000(+9.9%)

Key Takeaway

Homes in Carnation have sold for 9.9% more than they did a year ago.

Summary: The median home sold price in Carnation was $1,000,000 in May 2024, up 9.9% from last year, and the median price per square foot was $442.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $565K$570K
+0.9%
3 $750K$999K
+33.2%
4 $1.0M$1.1M
+10.9%
5+ $1.1M$1.0M
-8.6%

Summary: Carnation housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 33.2%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Cities

Seattle East
+12.2%
Carnation
+9.9%
Snoqualmie Valley
-0.1%

Housing Supply in Carnation, WA

How many homes are available in Carnation, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2529+16.0%

Summary: The Carnation real estate market had 29 homes for sale in May 2024, a 16.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 10
-100.0%
3 108
-20.0%
4 1014
+40.0%
5+ 26
+200.0%

Summary: The Carnation housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carnation, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Carnation in May 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Carnation, WA

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

Average Sale Time

May 2023May 2024CHANGE
14 Days25 Days+82.7%

Summary: Homes in Carnation had an average of 25 days on market in May 2024, up by 82.7% compared to last year.

Breakdown of Home Sale Times

6 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 Carnation are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 7 homes were sold in Carnation; 86% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Carnation, WA

Nearby Markets to Carnation, WA

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