Is Northeast, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northeast has remained a Seller's Market.
Housing Prices in Northeast, WA
How much do homes in Northeast, WA cost?
Median Sold Price
$1,087,000
$595/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast was $1,087,000 in April 2024, up 1.4% from last year, and the median price per square foot was $595.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $380K | -6.2% |
2 Bedrooms | $739.5K | $708.5K | -4.2% |
3 Bedrooms | $1.0M | $1.0M | -0.8% |
4 Bedrooms | $1.4M | $1.4M | -1.9% |
5+ Bedrooms | $1.9M | $2.0M | +2.2% |
Summary: Northeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Northeast, WA
How many homes are available in Northeast, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
196 | 220 | +12.2% |
Summary: The Northeast real estate market had 220 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 17 | +41.7% |
2 Bedrooms | 51 | 52 | +2.0% |
3 Bedrooms | 53 | 72 | +35.8% |
4 Bedrooms | 54 | 54 | 0.0% |
5+ Bedrooms | 26 | 25 | -3.8% |
Summary: The Northeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 41.7%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 35.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 81 | +28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Northeast in April 2024, up by 28.6% month-over-month. Of the 81 sold homes, 16% were sold under asking, 32% were sold at asking, and 52% were sold over asking.
Days on Market for Northeast, WA
How long does it take to sell a home in Northeast, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 18 Days | -29.3% |
Summary: Homes in Northeast had an average of 18 days on market in Apr 2024, down by 29.3% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 81 homes were sold in Northeast; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.