Is La Center, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing La Center is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, La Center was a Seller's Market.

Key Takeaway

La Center 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 La Center, WA

How much do homes in La Center, WA cost?

Median Sold Price

$588,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$39,000(-6.2%)

Key Takeaway

Homes in La Center have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in La Center was $588,000 in June 2024, down 6.2% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$496.5K
N/A
2 $600K-
N/A
3 $639.9K$513.6K
-19.7%
4 $590K$610K
+3.4%
5+ $766.5K$602.3K
-21.4%

Summary: La Center housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 19.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 21.4%.

Housing Supply in La Center, WA

How many homes are available in La Center, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6882+20.6%

Summary: The La Center real estate market had 82 homes for sale in June 2024, a 20.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2031
+55.0%
4 2833
+17.9%
5+ 1614
-12.5%

Summary: The La Center housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 55%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1113+18.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Center, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in La Center in June 2024, up by 18.2% month-over-month. Of the 13 sold homes, 23% were sold under asking, 46% were sold at asking, and 31% were sold over asking.

Days on Market for La Center, WA

How long does it take to sell a home in La Center, WA?

Average Sale Time

Jun 2023Jun 2024CHANGE
22 Days44 Days+95.5%

Summary: Homes in La Center had an average of 44 days on market in Jun 2024, up by 95.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 13 homes were sold in La Center; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% 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 26 Days Ago

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