Is Newcastle, 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, Newcastle has remained a Seller's Market.
Key Takeaway
Newcastle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newcastle, WA
How much do homes in Newcastle, WA cost?
Median Sold Price
$1,585,000
$544/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Newcastle have sold for 26.8% more than they did a year ago.
Summary: The median home sold price in Newcastle was $1,585,000 in June 2024, up 26.8% from last year, and the median price per square foot was $544.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402K | $405K | +0.7% |
| 2 Bedrooms | $519K | $540K | +4.0% |
| 3 Bedrooms | $1.0M | $1.1M | +9.4% |
| 4 Bedrooms | $1.4M | $1.6M | +15.4% |
| 5+ Bedrooms | $1.8M | $2.0M | +13.9% |
Summary: Newcastle housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 13.9%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.5M | +26.8% |
| Seattle East | $1.0M | $1.2M | +13.9% |
| Bellevue | $1.3M | $1.4M | +12.5% |
| Renton | $678.7K | $742.2K | +9.4% |
Housing Supply in Newcastle, WA
How many homes are available in Newcastle, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 55 | 54 | -1.8% |
Summary: The Newcastle real estate market had 54 homes for sale in June 2024, a 1.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Newcastle 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 increased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Newcastle in June 2024, down by 19.0% month-over-month. Of the 17 sold homes, 24% were sold under asking, 29% were sold at asking, and 47% were sold over asking.
Days on Market for Newcastle, WA
How long does it take to sell a home in Newcastle, WA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 9 Days | -76.1% |
Summary: Homes in Newcastle had an average of 9 days on market in Jun 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newcastle are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Newcastle; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.