Is Mill Creek, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mill Creek has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $325K | +3.2% |
2 Bedrooms | $600K | $635K | +5.8% |
3 Bedrooms | $849.9K | $842.5K | -0.9% |
4 Bedrooms | $1.1M | $1.0M | -12.5% |
5+ Bedrooms | $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%.
Housing Supply in Mill Creek, WA
How many homes are available in Mill Creek, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 53 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 15 | 23 | +53.3% |
4 Bedrooms | 11 | 15 | +36.4% |
5+ Bedrooms | 3 | 5 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 17 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
88 Days | 19 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
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.