Is Mill Creek, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mill Creek is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Mill Creek has remained a Seller's Market.

Key Takeaway

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

How much do homes in Mill Creek, WA cost?

Median Sold Price

$951,666

$476/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$121,666(+14.7%)

Key Takeaway

Homes in Mill Creek have sold for 14.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $245K$311K
+26.9%
2 $477K$635K
+33.1%
3 $770K$879K
+14.2%
4 $1.0M$1.2M
+24.3%
5+ $1.1M$1.3M
+17.9%

Median Sold Price Compared To Nearby Cities

Maltby
+25.0%
Mill Creek
+14.7%
Everett
+11.8%

How many homes are available in Mill Creek, WA?

Number of Homes For Sale

Oct 2022Nov 2022%
6162+1.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1414
0.0%
3 2623
-11.5%
4 1719
+11.8%
5+ 46
+50.0%

Number of Homes Sold

Oct 2022Nov 2022%
813+62.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mill Creek, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
10 Days42 Days+321.5%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mill Creek has remained consistent over time.

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

About Mill Creek, WA

There are 62 homes are for sale in Mill Creek, WA real estate market. The number of listings in Mill Creek, WA increased by 1.6% between October 2022 and November 2022. Listings spent 42 days on the market in November 2022, and had a median list price of $951,666 during the same period. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 26.9% more expensive, prices of 2 bedrooms properties increased by 33.1%, 3 bedrooms properties prices increased by 14.2%, prices of 4 bedrooms properties went up by 24.3%, 5 bedrooms properties prices increased by 17.9%. This housing market inventory have changed: 1 bedroom homes did not move, the quantity of 2 bedrooms homes have not changed, volume of 3 bedrooms homes went down by 11.5%, the quantity of 4 bedrooms homes went up by 11.8%, volume of 5 bedrooms homes went up by 50%. In November 2022 more than 1 listings in Mill Creek, WA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 9 were sold below.

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