Is Cascade Park Area, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cascade Park Area has remained a Seller's Market.
Key Takeaway
Cascade Park Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cascade Park Area, WA
How much do homes in Cascade Park Area, WA cost?
Median Sold Price
$525,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Cascade Park Area has remained the same since last year.
Summary: The median home sold price in Cascade Park Area was $525,000 in April 2024, up 0.4% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $225K | -27.4% |
| 2 Bedrooms | $464.5K | $479.5K | +3.2% |
| 3 Bedrooms | $500K | $520K | +4.0% |
| 4 Bedrooms | $587.4K | $607.8K | +3.5% |
| 5+ Bedrooms | $808.5K | $639K | -21.0% |
Summary: Cascade Park Area housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 21%.
Housing Supply in Cascade Park Area, WA
How many homes are available in Cascade Park Area, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 58 | +13.7% |
Summary: The Cascade Park Area real estate market had 58 homes for sale in April 2024, a 13.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cascade Park Area housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 17 | +70.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cascade Park Area, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Cascade Park Area in April 2024, up by 70.0% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Cascade Park Area, WA
How long does it take to sell a home in Cascade Park Area, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 13 Days | 26 Days | +94.2% |
Summary: Homes in Cascade Park Area had an average of 26 days on market in Apr 2024, up by 94.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cascade Park Area are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Cascade Park Area; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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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.