Is McCormick Woods, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McCormick Woods has remained a Seller's Market.
Key Takeaway
McCormick Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McCormick Woods, WA
How much do homes in McCormick Woods, WA cost?
Median Sold Price
$635,000
$257/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in McCormick Woods has remained the same since last year.
Summary: The median home sold price in McCormick Woods was $635,000 in April 2024, the same as last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $497.5K | $530K | +6.5% |
| 3 Bedrooms | $570K | $609.9K | +7.0% |
| 4 Bedrooms | $675K | $679.9K | +0.7% |
| 5+ Bedrooms | $790K | $746.9K | -5.4% |
Summary: McCormick Woods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 5.4%.
Housing Supply in McCormick Woods, WA
How many homes are available in McCormick Woods, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The McCormick Woods real estate market had 20 homes for sale in April 2024, a 13.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The McCormick Woods housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McCormick Woods, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in McCormick Woods in April 2024, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for McCormick Woods, WA
How long does it take to sell a home in McCormick Woods, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 64 Days | +137.4% |
Summary: Homes in McCormick Woods had an average of 64 days on market in Apr 2024, up by 137.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McCormick Woods are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in McCormick Woods; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.