Is Downtown, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Downtown has remained a Seller's Market.
Housing Prices in Downtown, WA
How much do homes in Downtown, WA cost?
Median Sold Price
$660,237
$776/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Downtown was $660,237 in March 2024, up 3.7% from last year, and the median price per square foot was $776.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560.6K | $542K | -3.3% |
2 Bedrooms | $1.0M | $1.0M | +1.7% |
3 Bedrooms | $1.7M | $1.8M | +7.0% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Pike Market | $727K | $787K | +8.3% |
Downtown | $636.5K | $660.2K | +3.7% |
Central Business District | $705K | $660K | -6.4% |
Housing Supply in Downtown, WA
How many homes are available in Downtown, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
189 | 224 | +18.5% |
Summary: The Downtown real estate market had 224 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 99 | 112 | +13.1% |
2 Bedrooms | 77 | 100 | +29.9% |
3 Bedrooms | 13 | 12 | -7.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 29.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 46 | +31.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Downtown in March 2024, up by 31.4% month-over-month. Of the 46 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown, WA
How long does it take to sell a home in Downtown, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 75 Days | +45.8% |
Summary: Homes in Downtown had an average of 75 days on market in Mar 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 46 homes were sold in Downtown; 46% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.