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.
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
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
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
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.