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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Roy is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Roy, WA

How much do homes in Roy, WA cost?

Median Sold Price

$505,000

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,000(-1.0%)

Key Takeaway

Homes in Roy have sold for 1% less than they did a year ago.

Summary: The median home sold price in Roy was $505,000 in May 2024, down 1% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$423.5K
N/A
2 $270K$341.2K
+26.4%
3 $502.4K$515K
+2.5%
4 $574.4K$651.5K
+13.4%
5+ $1.7M$834.3K
-52.6%

Summary: Roy housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.4%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 52.6%.

Median Sold Price Compared To Nearby Cities

Fort Lewis-DuPont
+2.2%
Roy
-1.0%

Housing Supply in Roy, WA

How many homes are available in Roy, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4251+21.4%

Summary: The Roy real estate market had 51 homes for sale in May 2024, a 21.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 44
0.0%
3 2227
+22.7%
4 1419
+35.7%
5+ 21
-50.0%

Summary: The Roy housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1117+54.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Roy, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Roy in May 2024, up by 54.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for Roy, WA

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

Average Sale Time

May 2023May 2024CHANGE
8 Days77 Days+766.8%

Summary: Homes in Roy had an average of 77 days on market in May 2024, up by 766.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 17 homes were sold in Roy; 47% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% 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 20 Days Ago

Newest Listings in Roy, WA

Nearby Markets to Roy, WA

What housing markets are near Roy, WA?