Is Castle Rock, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Castle Rock was a Seller's Market.
Housing Prices in Castle Rock, WA
How much do homes in Castle Rock, WA cost?
Median Sold Price
$460,000
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Castle Rock was $460,000 in March 2024, up 28.7% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $385K | +83.3% |
2 Bedrooms | $268K | $276K | +3.0% |
3 Bedrooms | $360K | $460K | +27.8% |
4 Bedrooms | $487.4K | $582.5K | +19.5% |
5+ Bedrooms | $407K | $522.5K | +28.4% |
Summary: Castle Rock housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 27.8%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 28.4%.
Housing Supply in Castle Rock, WA
How many homes are available in Castle Rock, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 68 | +6.3% |
Summary: The Castle Rock real estate market had 68 homes for sale in March 2024, a 6.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 37 | 40 | +8.1% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Castle Rock housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Castle Rock in March 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Castle Rock, WA
How long does it take to sell a home in Castle Rock, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 98 Days | +178.8% |
Summary: Homes in Castle Rock had an average of 98 days on market in Mar 2024, up by 178.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Castle Rock; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% of homes were sold over 90 days.