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 buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Castle Rock has remained a Buyer's Market.

Key Takeaway

Castle Rock is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Castle Rock, WA

How much do homes in Castle Rock, WA cost?

Median Sold Price

$535,000

$236/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

+$180,500(+50.9%)

Key Takeaway

Homes in Castle Rock have sold for 50.9% more than they did a month ago.

Summary: The median home sold price in Castle Rock was $535,000 in January 2024, up 50.9% from last month, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 --
N/A
2 $336K-
N/A
3 $359K$455K
+26.7%
4 -$630K
N/A
5+ -$334.9K
N/A

Summary: Castle Rock housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 26.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Castle Rock, WA

How many homes are available in Castle Rock, WA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
5966+11.9%

Summary: The Castle Rock real estate market had 66 homes for sale in January 2024, a 11.9% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 31
-66.7%
3 3237
+15.6%
4 2024
+20.0%
5+ 33
0.0%

Summary: The Castle Rock housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castle Rock, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Castle Rock in January 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

Dec 2023Jan 2024CHANGE
19 Days34 Days+80.3%

Summary: Homes in Castle Rock had an average of 34 days on market in Jan 2024, up by 80.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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 January 2024, 4 homes were sold in Castle Rock; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 29 Days Ago

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