Is Sedro-Woolley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sedro-Woolley is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Sedro-Woolley has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sedro-Woolley, WA

How much do homes in Sedro-Woolley, WA cost?

Median Sold Price

$483,000

$333/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$33,000(+7.3%)

Key Takeaway

Homes in Sedro-Woolley have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Sedro-Woolley was $483,000 in May 2024, up 7.3% from last year, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $354.7K$536.9K
+51.4%
2 $385K$390K
+1.3%
3 $455K$490K
+7.7%
4 $509K$557.5K
+9.5%
5+ $475K$425K
-10.5%

Summary: Sedro-Woolley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.4%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 10.5%.

Median Sold Price Compared To Nearby Cities

Upper Samish River
+10.0%
Sedro-Woolley
+7.3%

Housing Supply in Sedro-Woolley, WA

How many homes are available in Sedro-Woolley, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2836+28.6%

Summary: The Sedro-Woolley real estate market had 36 homes for sale in May 2024, a 28.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 1013
+30.0%
3 1313
0.0%
4 49
+125.0%
5+ 01
+100.0%

Summary: The Sedro-Woolley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes remained the same, 4 bedroom homes increased by 125%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

1 Home Was 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 Sedro-Woolley, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Sedro-Woolley in May 2024, down by 30.8% month-over-month. Of the 9 sold homes, 11% were sold under asking, 44% were sold at asking, and 44% were sold over asking.

Days on Market for Sedro-Woolley, WA

How long does it take to sell a home in Sedro-Woolley, WA?

Average Sale Time

May 2023May 2024CHANGE
39 Days18 Days-52.7%

Summary: Homes in Sedro-Woolley had an average of 18 days on market in May 2024, down by 52.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Sedro-Woolley; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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

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