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 October 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

$439,250

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$60,250(-12.1%)

Key Takeaway

Homes in Mineral have sold for 12.1% less than they did a year ago.

Summary: The median home sold price in Mineral was $439,250 in October 2024, down 12.1% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $420.5K$257.5K
-38.8%
2 $494.5K$438.5K
-11.3%
3 $464.5K$465K
0.1%
4 $581K$742.5K
+27.8%
5+ --
N/A

Summary: Mineral housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.8%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ashford
+6.7%
Mineral
-12.1%

Housing Supply in Mineral, WA

How many homes are available in Mineral, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3534-2.9%

Summary: The Mineral real estate market had 34 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 1210
-16.7%
3 1817
-5.6%
4 33
0.0%
5+ 00
0.0%

Summary: The Mineral housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were 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. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mineral in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
59 Days102 Days+72.6%

Summary: Homes in Mineral had an average of 102 days on market in Oct 2024, up by 72.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 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 October 2024, 6 homes were sold in Mineral; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 1 Day Ago

Newest Listings in Mineral, WA

Nearby Markets to Mineral, WA

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