Is Mineral, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Mineral, WA

How much do homes in Mineral, WA cost?

Median Sold Price

$489,250

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$70,500(+16.8%)

Key Takeaway

Homes in Mineral have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in Mineral was $489,250 in April 2024, up 16.8% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $291K$395K
+35.7%
2 $425K$467.7K
+10.1%
3 $418.7K$465K
+11.0%
4 $520.4K$621K
+19.3%
5+ --
N/A

Summary: Mineral housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.

Housing Supply in Mineral, WA

How many homes are available in Mineral, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3533-5.7%

Summary: The Mineral real estate market had 33 homes for sale in April 2024, a 5.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 119
-18.2%
3 1917
-10.5%
4 13
+200.0%
5+ 00
0.0%

Summary: The Mineral 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 decreased by 18.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mineral in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Mineral, WA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
86 Days94 Days+10.1%

Summary: Homes in Mineral had an average of 94 days on market in Apr 2024, up by 10.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 6 homes were sold in Mineral; 33% of homes were sold within 30 days, 17% 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 7 Days Ago

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