Is Lake Cavanaugh, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lake Cavanaugh has remained a Seller's Market.
Key Takeaway
Lake Cavanaugh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Cavanaugh, WA
How much do homes in Lake Cavanaugh, WA cost?
Median Sold Price
$775,000
$395/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Lake Cavanaugh have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Lake Cavanaugh was $775,000 in June 2024, up 5.7% from last year, and the median price per square foot was $395.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $591.2K | $775K | +31.1% |
| 2 Bedrooms | $975K | $805K | -17.4% |
| 3 Bedrooms | $554.5K | $700K | +26.2% |
| 4 Bedrooms | $725K | $1.2M | +77.2% |
| 5+ Bedrooms | $962.5K | $850K | -11.7% |
Summary: Lake Cavanaugh housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.1%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 77.2%, and 5+ bedroom homes decreased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Conway | $770K | $994.9K | +29.2% |
| Lyman-Hamilton | $500K | $595.6K | +19.1% |
| Lake Cavanaugh | $733.1K | $775K | +5.7% |
| East Skagit | $349.9K | $350K | 0.0% |
| Clear Lake | $621.5K | $610K | -1.9% |
Housing Supply in Lake Cavanaugh, WA
How many homes are available in Lake Cavanaugh, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 17 | 28 | +64.7% |
Summary: The Lake Cavanaugh real estate market had 28 homes for sale in June 2024, a 64.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Lake Cavanaugh housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 250%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Cavanaugh, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Lake Cavanaugh in June 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 27 Days | -29.6% |
Summary: Homes in Lake Cavanaugh had an average of 27 days on market in Jun 2024, down by 29.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Cavanaugh are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 6 homes were sold in Lake Cavanaugh; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.