Is Issaquah, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Issaquah is a 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

-$17,619(-1.7%)

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

# BEDSMar 2023Mar 2024CHANGE
1 $423K$384.5K
-9.1%
2 $575K$600K
+4.3%
3 $1.0M$950K
-9.5%
4 $1.4M$1.4M
+2.4%
5+ $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
+4.4%
Seattle East
+4.0%
Bellevue
+2.1%
Sammamish
-0.2%
Issaquah
-1.7%

Housing Supply in Issaquah, WA

How many homes are available in Issaquah, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
130182+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

# BEDSFeb 2024Mar 2024CHANGE
1 1115
+36.4%
2 3858
+52.6%
3 2745
+66.7%
4 4345
+4.7%
5+ 1119
+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 2024Mar 2024CHANGE
3861+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

Asking vs Sold - buyer

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 2023Mar 2024CHANGE
46 Days24 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Issaquah, WA

Nearby Markets to Issaquah, WA

What housing markets are near Issaquah, WA?