Is East Renton Highlands, 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, East Renton Highlands has remained a Seller's Market.
Key Takeaway
East Renton Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Renton Highlands, WA
How much do homes in East Renton Highlands, WA cost?
Median Sold Price
$653,750
$409/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Renton Highlands have sold for 10.2% less than they did a year ago.
Summary: The median home sold price in East Renton Highlands was $653,750 in March 2024, down 10.2% from last year, and the median price per square foot was $409.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $262.5K | +10.5% |
| 2 Bedrooms | $427.5K | $408.5K | -4.4% |
| 3 Bedrooms | $705K | $635.5K | -9.9% |
| 4 Bedrooms | $935K | $895K | -4.3% |
| 5+ Bedrooms | $1.2M | $1.5M | +20.5% |
Summary: East Renton Highlands housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in East Renton Highlands, WA
How many homes are available in East Renton Highlands, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 53 | +47.2% |
Summary: The East Renton Highlands real estate market had 53 homes for sale in March 2024, a 47.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 6 | 14 | +133.3% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The East Renton Highlands housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Renton Highlands, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in East Renton Highlands in March 2024, up by 45.5% month-over-month. Of the 16 sold homes, 19% were sold under asking, 38% were sold at asking, and 44% were sold over asking.
Days on Market for East Renton Highlands, WA
How long does it take to sell a home in East Renton Highlands, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 25 Days | -5.4% |
Summary: Homes in East Renton Highlands had an average of 25 days on market in Mar 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Renton Highlands are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in East Renton Highlands; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.