Is North, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North has remained a Seller's Market.
Housing Prices in North, WA
How much do homes in North, WA cost?
Median Sold Price
$810,000
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North was $810,000 in May 2024, up 1.2% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $306K | -1.3% |
2 Bedrooms | $625.7K | $640.5K | +2.4% |
3 Bedrooms | $815K | $825K | +1.2% |
4 Bedrooms | $1.0M | $1.0M | +4.3% |
5+ Bedrooms | $1.1M | $1.0M | -8.9% |
Summary: North housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
North | $800.3K | $810K | +1.2% |
Victory Heights | $785K | $760K | -3.2% |
Homewood Park | $842.5K | $699K | -17.0% |
Housing Supply in North, WA
How many homes are available in North, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
202 | 233 | +15.3% |
Summary: The North real estate market had 233 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 16 | +23.1% |
2 Bedrooms | 78 | 80 | +2.6% |
3 Bedrooms | 55 | 65 | +18.2% |
4 Bedrooms | 36 | 41 | +13.9% |
5+ Bedrooms | 20 | 31 | +55.0% |
Summary: The North housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 55%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
68 | 84 | +23.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in North in May 2024, up by 23.5% month-over-month. Of the 84 sold homes, 25% were sold under asking, 38% were sold at asking, and 37% were sold over asking.
Days on Market for North, WA
How long does it take to sell a home in North, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 18 Days | -4.7% |
Summary: Homes in North had an average of 18 days on market in May 2024, down by 4.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 84 homes were sold in North; 79% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.