Is Lyman-Hamilton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyman-Hamilton is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lyman-Hamilton was a Seller's Market.

Key Takeaway

Lyman-Hamilton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lyman-Hamilton, WA

How much do homes in Lyman-Hamilton, WA cost?

Median Sold Price

$600,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$70,000(+13.2%)

Key Takeaway

Homes in Lyman-Hamilton have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in Lyman-Hamilton was $600,000 in May 2024, up 13.2% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$309.5K
N/A
2 $358K$355K
-0.8%
3 $557.5K$607.5K
+9.0%
4 $692.5K$647.9K
-6.4%
5+ -$561.2K
N/A

Summary: Lyman-Hamilton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lyman-Hamilton
+13.2%
Upper Samish River
+10.0%
Lake Cavanaugh
+6.9%

Housing Supply in Lyman-Hamilton, WA

How many homes are available in Lyman-Hamilton, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1821+16.7%

Summary: The Lyman-Hamilton real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 10
-100.0%
3 1416
+14.3%
4 33
0.0%
5+ 00
0.0%

Summary: The Lyman-Hamilton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyman-Hamilton, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Lyman-Hamilton in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Lyman-Hamilton, WA

How long does it take to sell a home in Lyman-Hamilton, WA?

Average Sale Time

May 2023May 2024CHANGE
1 Days22 Days+1388.9%

Summary: Homes in Lyman-Hamilton had an average of 22 days on market in May 2024, up by 1388.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 Lyman-Hamilton are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 3 homes were sold in Lyman-Hamilton; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Lyman-Hamilton, WA

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