Is Emerson / Garfield, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emerson / Garfield is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Emerson / Garfield has remained a Seller's Market.

Key Takeaway

Emerson / Garfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Emerson / Garfield, WA

How much do homes in Emerson / Garfield, WA cost?

Median Sold Price

$325,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$23,000(+7.6%)

Key Takeaway

Homes in Emerson / Garfield have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Emerson / Garfield was $325,000 in September 2024, up 7.6% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $232K$200K
-13.8%
2 $250K$260K
+4.0%
3 $306.9K$335K
+9.2%
4 $319.5K$362.5K
+13.5%
5+ $290.9K$386.6K
+32.9%

Summary: Emerson / Garfield housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 32.9%.

Housing Supply in Emerson / Garfield, WA

How many homes are available in Emerson / Garfield, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4052+30.0%

Summary: The Emerson / Garfield real estate market had 52 homes for sale in September 2024, a 30.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 911
+22.2%
3 1621
+31.3%
4 810
+25.0%
5+ 36
+100.0%

Summary: The Emerson / Garfield housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Emerson / Garfield, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Emerson / Garfield in September 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Emerson / Garfield, WA

How long does it take to sell a home in Emerson / Garfield, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
6 Days27 Days+316.2%

Summary: Homes in Emerson / Garfield had an average of 27 days on market in Sep 2024, up by 316.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Emerson / Garfield are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 12 homes were sold in Emerson / Garfield; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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 30 Days Ago

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