Is Enumclaw Plateau, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Enumclaw Plateau is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Enumclaw Plateau has remained a Seller's Market.

Key Takeaway

Enumclaw Plateau is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Enumclaw Plateau, WA

How much do homes in Enumclaw Plateau, WA cost?

Median Sold Price

$696,738

$348/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$12,746(-1.8%)

Key Takeaway

Homes in Enumclaw Plateau have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Enumclaw Plateau was $696,738 in September 2024, down 1.8% from last year, and the median price per square foot was $348.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $440K$365K
-17.0%
2 $460K$552.5K
+20.1%
3 $636K$638.6K
0.4%
4 $767K$799.9K
+4.3%
5+ $899.9K$905K
+0.6%

Summary: Enumclaw Plateau housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 20.1%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Buckley
+10.2%
Maple Valley
+7.2%
Enumclaw
+2.8%
Black Diamond
0.3%
Enumclaw Plateau
-1.8%

Housing Supply in Enumclaw Plateau, WA

How many homes are available in Enumclaw Plateau, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
318321+0.9%

Summary: The Enumclaw Plateau real estate market had 321 homes for sale in September 2024, a 0.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 4544
-2.2%
3 124128
+3.2%
4 108109
+0.9%
5+ 4140
-2.4%

Summary: The Enumclaw Plateau 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 decreased by 2.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 2.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
8576-10.6%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Enumclaw Plateau, expect to pay close to the asking price. 43.4% of homes here sold near the asking price last month.

Summary: A total of 76 homes were sold or pending in Enumclaw Plateau in September 2024, down by 10.6% month-over-month. Of the 76 sold homes, 33% were sold under asking, 43% were sold at asking, and 24% were sold over asking.

Days on Market for Enumclaw Plateau, WA

How long does it take to sell a home in Enumclaw Plateau, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
38 Days32 Days-15.1%

Summary: Homes in Enumclaw Plateau had an average of 32 days on market in Sep 2024, down by 15.1% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Enumclaw Plateau are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 76 homes were sold in Enumclaw Plateau; 54% of homes were sold within 30 days, 38% 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 Sep 1, 2024

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