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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Mineral was a Seller's Market.

Key Takeaway

Mineral is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mineral, WA

How much do homes in Mineral, WA cost?

Median Sold Price

$445,450

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$33,550(-7.0%)

Key Takeaway

Homes in Mineral have sold for 7% less than they did a year ago.

Summary: The median home sold price in Mineral was $445,450 in September 2024, down 7% from last year, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $420.5K$245K
-41.7%
2 $490K$438.5K
-10.5%
3 $425K$500K
+17.6%
4 $581K$765K
+31.7%
5+ --
N/A

Summary: Mineral housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.7%, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 31.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ashford
+9.1%
Mineral
-7.0%

Housing Supply in Mineral, WA

How many homes are available in Mineral, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3639+8.3%

Summary: The Mineral real estate market had 39 homes for sale in September 2024, a 8.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 1312
-7.7%
3 1821
+16.7%
4 33
0.0%
5+ 00
0.0%

Summary: The Mineral housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mineral in September 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Sep 2023Sep 2024CHANGE
32 Days64 Days+98.0%

Summary: Homes in Mineral had an average of 64 days on market in Sep 2024, up by 98% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Mineral; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Sep 1, 2024

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