Is Issaquah, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Issaquah has remained a Seller's Market.
Key Takeaway
Issaquah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Issaquah, WA
How much do homes in Issaquah, WA cost?
Median Sold Price
$990,000
$520/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Issaquah have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Issaquah was $990,000 in March 2024, down 1.7% from last year, and the median price per square foot was $520.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $423K | $384.5K | -9.1% |
| 2 Bedrooms | $575K | $600K | +4.3% |
| 3 Bedrooms | $1.0M | $950K | -9.5% |
| 4 Bedrooms | $1.4M | $1.4M | +2.4% |
| 5+ Bedrooms | $2.0M | $2.0M | +2.1% |
Summary: Issaquah housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Issaquah Plateau | $1.2M | $1.3M | +4.4% |
| Seattle East | $1.1M | $1.1M | +4.0% |
| Bellevue | $1.3M | $1.4M | +2.1% |
| Sammamish | $1.6M | $1.6M | -0.2% |
| Issaquah | $1.0M | $990K | -1.7% |
Housing Supply in Issaquah, WA
How many homes are available in Issaquah, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 130 | 182 | +40.0% |
Summary: The Issaquah real estate market had 182 homes for sale in March 2024, a 40.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 15 | +36.4% |
| 2 Bedrooms | 38 | 58 | +52.6% |
| 3 Bedrooms | 27 | 45 | +66.7% |
| 4 Bedrooms | 43 | 45 | +4.7% |
| 5+ Bedrooms | 11 | 19 | +72.7% |
Summary: The Issaquah housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 52.6%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 72.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 61 | +60.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Issaquah, expect to pay close to the asking price. 37.7% of homes here sold near the asking price last month.
Summary: A total of 61 homes were sold or pending in Issaquah in March 2024, up by 60.5% month-over-month. Of the 61 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Issaquah, WA
How long does it take to sell a home in Issaquah, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 24 Days | -48.5% |
Summary: Homes in Issaquah had an average of 24 days on market in Mar 2024, down by 48.5% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Issaquah are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 61 homes were sold in Issaquah; 84% of homes were sold within 30 days, 8% 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.