Is Loon Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Loon Lake was a Seller's Market.
Housing Prices in Loon Lake, WA
How much do homes in Loon Lake, WA cost?
Median Sold Price
$562,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Loon Lake was $562,500 in February 2024, up 2.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $130K | -72.6% |
2 Bedrooms | $322.5K | $435K | +34.9% |
3 Bedrooms | $531K | $542K | +2.1% |
4 Bedrooms | $545K | $525.3K | -3.6% |
5+ Bedrooms | $621K | $680K | +9.5% |
Summary: Loon Lake housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.6%, 2 bedroom homes increased by 34.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Nine Mile Falls | $561K | $602.5K | +7.4% |
Loon Lake | $550K | $562.5K | +2.3% |
Housing Supply in Loon Lake, WA
How many homes are available in Loon Lake, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Summary: The Loon Lake real estate market had 27 homes for sale in February 2024, a 8.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Loon Lake housing inventory by bedroom type for February 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 30%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Loon Lake in February 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Loon Lake, WA
How long does it take to sell a home in Loon Lake, WA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 51 Days | -35.7% |
Summary: Homes in Loon Lake had an average of 51 days on market in Feb 2024, down by 35.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 4 homes were sold in Loon Lake; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.