Is Lummi Reservation, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lummi Reservation is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Lummi Reservation was a Seller's Market.

Key Takeaway

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

Housing Prices in Lummi Reservation, WA

How much do homes in Lummi Reservation, WA cost?

Median Sold Price

$567,500

$446/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$67,500(+13.5%)

Key Takeaway

Homes in Lummi Reservation have sold for 13.5% more than they did a month ago.

Summary: The median home sold price in Lummi Reservation was $567,500 in November 2024, up 13.5% from last month, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $390K-
N/A
2 $262.5K$375K
+42.9%
3 $543K$760K
+40.0%
4 --
N/A
5+ --
N/A

Summary: Lummi Reservation housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Lummi Reservation, WA

How many homes are available in Lummi Reservation, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2120-4.8%

Summary: The Lummi Reservation real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 57
+40.0%
3 1512
-20.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Lummi Reservation housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lummi Reservation, 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 Lummi Reservation in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% 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

Oct 2024Nov 2024CHANGE
58 Days43 Days-25.7%

Summary: Homes in Lummi Reservation had an average of 43 days on market in Nov 2024, down by 25.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 2 homes were sold in Lummi Reservation; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

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