Is Lummi Reservation, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lummi Reservation was a Neutral Market.
Housing Prices in Lummi Reservation, WA
How much do homes in Lummi Reservation, WA cost?
Median Sold Price
$524,900
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lummi Reservation was $524,900 in March 2024, up 10.5% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $388.7K | $370K | -4.8% |
2 Bedrooms | $430K | $391K | -9.1% |
3 Bedrooms | $485K | $586.5K | +20.9% |
4 Bedrooms | $949K | $883K | -7.0% |
5+ Bedrooms | $586K | $1.2M | +108.2% |
Summary: Lummi Reservation housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 20.9%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 108.2%.
Housing Supply in Lummi Reservation, WA
How many homes are available in Lummi Reservation, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 16 | +23.1% |
Summary: The Lummi Reservation real estate market had 16 homes for sale in March 2024, a 23.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lummi Reservation housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Lummi Reservation in March 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Lummi Reservation, WA
How long does it take to sell a home in Lummi Reservation, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 64 Days | +0.8% |
Summary: Homes in Lummi Reservation had an average of 64 days on market in Mar 2024, up by 0.8% 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
Summary: During March 2024, 2 homes were sold in Lummi Reservation; 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.