Is Central Business District, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Central Business District was a Seller's Market.
Housing Prices in Central Business District, WA
How much do homes in Central Business District, WA cost?
Median Sold Price
$750,000
$738/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Business District was $750,000 in April 2024, up 2.7% from last year, and the median price per square foot was $738.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $640K | $597K | -6.7% |
2 Bedrooms | $1.5M | $1.3M | -11.9% |
3 Bedrooms | $2.8M | $1.6M | -42.2% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Central Business District housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 42.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Denny Regrade | $682.5K | $835K | +22.3% |
First Hill | $453.9K | $524.9K | +15.6% |
Downtown | $630K | $689K | +9.4% |
Pike Market | $725K | $783K | +8.0% |
Central Business District | $730K | $750K | +2.7% |
Housing Supply in Central Business District, WA
How many homes are available in Central Business District, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 25 | +31.6% |
Summary: The Central Business District real estate market had 25 homes for sale in April 2024, a 31.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 13 | +44.4% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central Business District housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 44.4%, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Central Business District in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Central Business District, WA
How long does it take to sell a home in Central Business District, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 68 Days | +4.1% |
Summary: Homes in Central Business District had an average of 68 days on market in Apr 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Central Business District; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.