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 March 2023

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.

Housing Prices in Mill Creek, WA

How much do homes in Mill Creek, WA cost?

Median Sold Price

$879,000

$446/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$42,666(-4.6%)

Key Takeaway

Homes in Mill Creek have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Mill Creek was $879,000 in March 2024, down 4.6% from last year, and the median price per square foot was $446.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $315K$325K
+3.2%
2 $600K$635K
+5.8%
3 $849.9K$842.5K
-0.9%
4 $1.1M$1.0M
-12.5%
5+ $1.2M$1.4M
+16.7%

Summary: Mill Creek housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 16.7%.

Median Sold Price Compared To Nearby Cities

Everett
+7.1%
Maltby
+2.6%
Mill Creek
-4.6%

Housing Supply in Mill Creek, WA

How many homes are available in Mill Creek, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4153+29.3%

Summary: The Mill Creek real estate market had 53 homes for sale in March 2024, a 29.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 43
-25.0%
2 87
-12.5%
3 1523
+53.3%
4 1115
+36.4%
5+ 35
+66.7%

Summary: The Mill Creek housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 53.3%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mill Creek, expect to pay close to the asking price. 52.9% of homes here sold near the asking price last month.

Summary: A total of 17 homes were sold or pending in Mill Creek in March 2024, down by 15.0% month-over-month. Of the 17 sold homes, 12% were sold under asking, 53% were sold at asking, and 35% were sold over asking.

Days on Market for Mill Creek, WA

How long does it take to sell a home in Mill Creek, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
88 Days19 Days-78.3%

Summary: Homes in Mill Creek had an average of 19 days on market in Mar 2024, down by 78.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mill Creek are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 17 homes were sold in Mill Creek; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 12% 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 18 Days Ago

Newest Listings in Mill Creek, WA

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