Is Lake Cavanaugh, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Cavanaugh is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lake Cavanaugh was a Seller's Market.

Key Takeaway

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

Housing Prices in Lake Cavanaugh, WA

How much do homes in Lake Cavanaugh, WA cost?

Median Sold Price

$775,000

$385/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+6.9%)

Key Takeaway

Homes in Lake Cavanaugh have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Lake Cavanaugh was $775,000 in May 2024, up 6.9% from last year, and the median price per square foot was $385.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $591.2K$775K
+31.1%
2 $870K$817.4K
-6.0%
3 $560K$665K
+18.8%
4 $722K$874.9K
+21.2%
5+ $962.5K$850K
-11.7%

Summary: Lake Cavanaugh housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.1%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes decreased by 11.7%.

Median Sold Price Compared To Nearby Cities

Conway
+34.5%
Lyman-Hamilton
+13.2%
Lake Cavanaugh
+6.9%
East Skagit
+5.9%
Clear Lake
-6.4%

Housing Supply in Lake Cavanaugh, WA

How many homes are available in Lake Cavanaugh, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1016+60.0%

Summary: The Lake Cavanaugh real estate market had 16 homes for sale in May 2024, a 60.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 03
+100.0%
2 11
0.0%
3 77
0.0%
4 14
+300.0%
5+ 11
0.0%

Summary: The Lake Cavanaugh housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Cavanaugh, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Lake Cavanaugh in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Lake Cavanaugh, WA

How long does it take to sell a home in Lake Cavanaugh, WA?

Average Sale Time

May 2023May 2024CHANGE
19 Days143 Days+655.3%

Summary: Homes in Lake Cavanaugh had an average of 143 days on market in May 2024, up by 655.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Lake Cavanaugh; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in Lake Cavanaugh, WA

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