Is Mattawa-Royal City, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mattawa-Royal City is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Mattawa-Royal City was a Neutral Market.

Key Takeaway

Mattawa-Royal City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mattawa-Royal City, WA

How much do homes in Mattawa-Royal City, WA cost?

Median Sold Price

$404,150

$274/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$36,700(+10.0%)

Key Takeaway

Homes in Mattawa-Royal City have sold for 10% more than they did a month ago.

Summary: The median home sold price in Mattawa-Royal City was $404,150 in November 2024, up 10% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$210K
N/A
3 $319.2K$357.1K
+11.9%
4 $518.4K$686K
+32.3%
5+ --
N/A

Summary: Mattawa-Royal City 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 did not change, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mattawa
+31.9%
Mattawa-Royal City
+10.0%
Royal City
+8.5%

Housing Supply in Mattawa-Royal City, WA

How many homes are available in Mattawa-Royal City, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4031-22.5%

Summary: The Mattawa-Royal City real estate market had 31 homes for sale in November 2024, a 22.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 44
0.0%
3 2722
-18.5%
4 94
-55.6%
5+ 00
0.0%

Summary: The Mattawa-Royal City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.5%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mattawa-Royal City, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Mattawa-Royal City in November 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.

Days on Market for Mattawa-Royal City, WA

How long does it take to sell a home in Mattawa-Royal City, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
49 Days41 Days-16.2%

Summary: Homes in Mattawa-Royal City had an average of 41 days on market in Nov 2024, down by 16.2% compared to last month.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mattawa-Royal City are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in Mattawa-Royal City; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

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