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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Newcastle is a buyer's market

Buyer's
Market

Difference Since January 2022

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

Key Takeaway

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

How much do homes in Newcastle, WA cost?

Median Sold Price

$1,430,000

$554/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$318,950(+28.7%)

Key Takeaway

Homes in Newcastle have sold for 28.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 $310K$385K
+24.2%
2 $410K$470K
+14.6%
3 $860K$1.1M
+38.4%
4 $1.4M$1.6M
+14.6%
5+ $1.7M$1.8M
+11.0%

Median Sold Price Compared To Nearby Cities

Newcastle
+28.7%
Seattle East
+11.9%
Bellevue
+10.9%
Renton
+5.3%

How many homes are available in Newcastle, WA?

Number of Homes For Sale

Dec 2022Jan 2023%
3335+6.1%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 32
-33.3%
2 54
-20.0%
3 33
0.0%
4 613
+116.7%
5+ 1613
-18.8%

Number of Homes Sold

Dec 2022Jan 2023%
93-66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Newcastle, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Jan 2022Jan 2023%
2 Days24 Days+784.8%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Newcastle has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Newcastle, WA

Homes for sale in Newcastle, WA have reached 35. In January 2023 in Newcastle, WA there were 6.1% more homes for sale than in December 2022. In January 2023, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $1,430,000. Between December 2022 and January 2023, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 24.2%, prices of 2 bedrooms properties went up by 14.6%, prices of 3 bedrooms properties went up by 38.4%, prices of 4 bedrooms properties went up by 14.6%, the cost of 5 bedrooms properties went up by 11%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 33.3% less available, the quantity of 2 bedrooms homes went down by 20%, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 116.7% more available, volume of 5 bedrooms homes went down by 18.8%. Newcastle, WA housing market in January 2023 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 3 sold below.

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