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 buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

La Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in La Center, WA

How much do homes in La Center, WA cost?

Median Sold Price

$590,525

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$30,840(-5.0%)

Key Takeaway

Homes in La Center have sold for 5% less than they did a year ago.

Summary: The median home sold price in La Center was $590,525 in May 2024, down 5% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$496.5K
N/A
2 $600K-
N/A
3 $637.4K$513.6K
-19.4%
4 $576K$620K
+7.6%
5+ $770.7K$602.9K
-21.8%

Summary: La Center housing prices by bedroom type for May 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 19.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 21.8%.

Housing Supply in La Center, WA

How many homes are available in La Center, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6166+8.2%

Summary: The La Center real estate market had 66 homes for sale in May 2024, a 8.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 04
+100.0%
3 1522
+46.7%
4 2924
-17.2%
5+ 1716
-5.9%

Summary: The La Center housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 17.2%, and 5+ bedroom homes decreased by 5.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in La Center, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in La Center in May 2024, down by 40.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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

May 2023May 2024CHANGE
70 Days45 Days-35.6%

Summary: Homes in La Center had an average of 45 days on market in May 2024, down by 35.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 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 May 2024, 9 homes were sold in La Center; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 13 Days Ago

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