Is Castle Rock, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castle Rock is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Castle Rock was a Seller's Market.

Key Takeaway

Castle Rock 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 Castle Rock, WA

How much do homes in Castle Rock, WA cost?

Median Sold Price

$450,000

$259/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$61,000(+15.7%)

Key Takeaway

Homes in Castle Rock have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Castle Rock was $450,000 in June 2024, up 15.7% from last year, and the median price per square foot was $259.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $210K$385K
+83.3%
2 $270K$336K
+24.4%
3 $437K$430.5K
-1.5%
4 $550K$535K
-2.7%
5+ $387.4K$522.5K
+34.9%

Summary: Castle Rock housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 24.4%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 34.9%.

Housing Supply in Castle Rock, WA

How many homes are available in Castle Rock, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8183+2.5%

Summary: The Castle Rock real estate market had 83 homes for sale in June 2024, a 2.5% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 4548
+6.7%
4 2525
0.0%
5+ 66
0.0%

Summary: The Castle Rock housing inventory by bedroom type for June 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 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
1912-36.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castle Rock, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Castle Rock in June 2024, down by 36.8% month-over-month. Of the 12 sold homes, 8% were sold under asking, 33% were sold at asking, and 58% 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

Jun 2023Jun 2024CHANGE
51 Days44 Days-14.0%

Summary: Homes in Castle Rock had an average of 44 days on market in Jun 2024, down by 14% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 12 homes were sold in Castle Rock; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 26 Days Ago

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