Is Prune Hill, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prune Hill is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Prune Hill has remained a Seller's Market.

Key Takeaway

Prune Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Prune Hill, WA

How much do homes in Prune Hill, WA cost?

Median Sold Price

$750,000

$296/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Prune Hill has remained the same since last year.

Summary: The median home sold price in Prune Hill was $750,000 in April 2024, the same as last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $572.5K$593.5K
+3.7%
3 $625K$620K
-0.8%
4 $775K$850K
+9.7%
5+ $900K$895K
-0.6%

Summary: Prune Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes decreased by 0.6%.

Housing Supply in Prune Hill, WA

How many homes are available in Prune Hill, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4151+24.4%

Summary: The Prune Hill real estate market had 51 homes for sale in April 2024, a 24.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 1517
+13.3%
4 1523
+53.3%
5+ 97
-22.2%

Summary: The Prune Hill 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 13.3%, 4 bedroom homes increased by 53.3%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
719+171.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prune Hill, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Prune Hill in April 2024, up by 171.4% month-over-month. Of the 19 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.

Days on Market for Prune Hill, WA

How long does it take to sell a home in Prune Hill, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days59 Days+100.3%

Summary: Homes in Prune Hill had an average of 59 days on market in Apr 2024, up by 100.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 19 homes were sold in Prune Hill; 68% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 21% 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 8 Days Ago

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