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

Housing Market Conditions



Gauge showing Newcastle is a seller's market


Difference Since April 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



Based on all homes sold in the last 12 months.

Difference Since April 2023


Key Takeaway

Homes in Newcastle have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Newcastle was $1,407,500 in April 2024, up 0.5% from last year, and the median price per square foot was $551.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $402K$405K
2 $519.5K$486K
3 $1.1M$1.1M
4 $1.5M$1.5M
5+ $1.8M$2.1M

Summary: Newcastle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Cities

Seattle East

Housing Supply in Newcastle, WA

How many homes are available in Newcastle, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE

Summary: The Newcastle real estate market had 45 homes for sale in April 2024, a 2.2% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
2 24
3 67
4 2117
5+ 1717

Summary: The Newcastle 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 increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newcastle, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Newcastle in April 2024, up by 26.7% month-over-month. Of the 19 sold homes, 11% were sold under asking, 21% were sold at asking, and 68% 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

Apr 2023Apr 2024CHANGE
23 Days7 Days-69.8%

Summary: Homes in Newcastle had an average of 7 days on market in Apr 2024, down by 69.8% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 19 homes were sold in Newcastle; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in Newcastle, WA

Nearby Markets to Newcastle, WA

What housing markets are near Newcastle, WA?