Is First Hill, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, First Hill was a Seller's Market.
Key Takeaway
First Hill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in First Hill, WA
How much do homes in First Hill, WA cost?
Median Sold Price
$524,900
$636/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in First Hill have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in First Hill was $524,900 in April 2024, up 15.6% from last year, and the median price per square foot was $636.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $370K | $415K | +12.2% |
| 2 Bedrooms | $673.7K | $712.5K | +5.8% |
| 3 Bedrooms | $1.0M | $1.2M | +25.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: First Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 25%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in First Hill, WA
How many homes are available in First Hill, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 80 | +21.2% |
Summary: The First Hill real estate market had 80 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 38 | 39 | +2.6% |
| 2 Bedrooms | 24 | 35 | +45.8% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The First Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 45.8%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
11 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in First Hill, expect to pay close to the asking price. 91.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in First Hill in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 8% were sold under asking, 92% were sold at asking, and 0% were sold over asking.
Days on Market for First Hill, WA
How long does it take to sell a home in First Hill, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 33 Days | +31.5% |
Summary: Homes in First Hill had an average of 33 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in First Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in First Hill; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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.