Is Granite Falls, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granite Falls is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Granite Falls has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Granite Falls, WA

How much do homes in Granite Falls, WA cost?

Median Sold Price

$510,000

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$35,000(-6.4%)

Key Takeaway

Homes in Granite Falls have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in Granite Falls was $510,000 in January 2024, down 6.4% from last year, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $290K$336K
+15.9%
2 $465K$431.5K
-7.2%
3 $502.5K$500K
-0.5%
4 $558.5K$575K
+3.0%
5+ $640K$637K
-0.5%

Summary: Granite Falls housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 0.5%.

Housing Supply in Granite Falls, WA

How many homes are available in Granite Falls, WA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
3629-19.4%

Summary: The Granite Falls real estate market had 29 homes for sale in January 2024, a 19.4% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 119
-18.2%
3 148
-42.9%
4 67
+16.7%
5+ 44
0.0%

Summary: The Granite Falls housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Granite Falls, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Granite Falls in January 2024, down by 35.7% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Granite Falls, WA

How long does it take to sell a home in Granite Falls, WA?

Average Sale Time

Jan 2023Jan 2024CHANGE
59 Days26 Days-56.2%

Summary: Homes in Granite Falls had an average of 26 days on market in Jan 2024, down by 56.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During January 2024, 9 homes were sold in Granite Falls; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 29 Days Ago

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