Is Mill Creek, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$899,993
$448/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Mill Creek was $899,993 in June 2024, up 5.9% from last year, and the median price per square foot was $448.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $327.5K | $325K | -0.8% |
2 Bedrooms | $588.7K | $660K | +12.1% |
3 Bedrooms | $820K | $879K | +7.2% |
4 Bedrooms | $1.1M | $1.1M | +2.0% |
5+ Bedrooms | $1.1M | $1.4M | +20.5% |
Summary: Mill Creek housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 20.5%.
Housing Supply in Mill Creek, WA
How many homes are available in Mill Creek, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
60 | 60 | 0.0% |
Summary: The Mill Creek real estate market had 60 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 26 | 26 | 0.0% |
4 Bedrooms | 22 | 18 | -18.2% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Mill Creek housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Mill Creek in June 2024, the same as the previous month. Of the 22 sold homes, 32% were sold under asking, 32% were sold at asking, and 36% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +11.9% |
Summary: Homes in Mill Creek had an average of 25 days on market in Jun 2024, up by 11.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Mill Creek; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.