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 2022

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

How much do homes in Enumclaw Plateau, WA cost?

Median Sold Price

$705,847

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2022

-$1,496(-0.2%)

Key Takeaway

The sold price of homes in Enumclaw Plateau has remained the same since last year.

Summary: The median home sold price in Enumclaw Plateau was $705,847 in September 2023, down 0.2% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSSep 2022Sep 2023CHANGE
1 $530K$380K
-28.3%
2 $460K$441.5K
-4.0%
3 $630.9K$629.9K
-0.2%
4 $800.6K$760K
-5.1%
5+ $899.9K$909.9K
+1.1%

Summary: Enumclaw Plateau housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 28.3%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Enumclaw
+11.4%
Buckley
+10.7%
Black Diamond
+10.0%
Enumclaw Plateau
-0.2%
Maple Valley
-8.7%

Housing Supply

How many homes are available in Enumclaw Plateau, WA?

Number of Homes For Sale

Aug 2023Sep 2023CHANGE
273246-9.9%

Summary: The Enumclaw Plateau real estate market had 246 homes for sale in September 2023, a 9.9% decrease compared to August 2023.

Homes For Sale By Bedroom Count

# BEDSAug 2023Sep 2023CHANGE
1 30
-100.0%
2 1319
+46.2%
3 10698
-7.5%
4 10392
-10.7%
5+ 4837
-22.9%

Summary: The Enumclaw Plateau housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 46.2%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 22.9%.

Number of Homes Sold

Aug 2023Sep 2023CHANGE
8260-26.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Enumclaw Plateau, you could pay more than the asking price. 35% of homes here sold above asking price last month.

Summary: A total of 60 homes were sold or pending in Enumclaw Plateau in September 2023, down by 26.8% month-over-month. Of the 60 sold homes, 33% were sold under asking, 32% were sold at asking, and 35% were sold over asking.

Days on Market

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

Average Sale Time

Sep 2022Sep 2023CHANGE
39 Days34 Days-12.5%

Summary: Homes in Enumclaw Plateau had an average of 34 days on market in Sep 2023, down by 12.5% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 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 2023, 60 homes were sold in Enumclaw Plateau; 72% of homes were sold within 30 days, 20% 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 2 Days Ago

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Nearby Markets

What housing markets are near Enumclaw Plateau, WA?