Is Memorial Park, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Memorial Park is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Memorial Park has remained a Seller's Market.

Key Takeaway

Memorial Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Memorial Park, WA

How much do homes in Memorial Park, WA cost?

Median Sold Price

$462,000

$232/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$127,000(+37.9%)

Key Takeaway

Homes in Memorial Park have sold for 37.9% more than they did a month ago.

Summary: The median home sold price in Memorial Park was $462,000 in April 2024, up 37.9% from last month, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $335K-
N/A
4 -$462K
N/A
5+ --
N/A

Summary: Memorial Park housing prices by bedroom type for April 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Memorial Park, WA

How many homes are available in Memorial Park, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
76-14.3%

Summary: The Memorial Park real estate market had 6 homes for sale in April 2024, a 14.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 20
-100.0%
4 44
0.0%
5+ 00
0.0%

Summary: The Memorial Park 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 100%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Memorial Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Memorial Park in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Memorial Park, WA

How long does it take to sell a home in Memorial Park, WA?

Average Sale Time

Mar 2024Apr 2024CHANGE
85 Days137 Days+61.8%

Summary: Homes in Memorial Park had an average of 137 days on market in Apr 2024, up by 61.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Most homes in Memorial Park are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in Memorial Park; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in Memorial Park, WA

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