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 March 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

$470,000

$331/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$18,000(+4.0%)

Key Takeaway

Homes in Sedro-Woolley have sold for 4% more than they did a year ago.

Summary: The median home sold price in Sedro-Woolley was $470,000 in March 2024, up 4% from last year, and the median price per square foot was $331.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $337.5K$560.9K
+66.2%
2 $385K$390K
+1.3%
3 $465K$483K
+3.9%
4 $525K$565K
+7.6%
5+ $484.5K$437.4K
-9.7%

Summary: Sedro-Woolley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.2%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Cities

Upper Samish River
+19.4%
Sedro-Woolley
+4.0%

Housing Supply in Sedro-Woolley, WA

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3442+23.5%

Summary: The Sedro-Woolley real estate market had 42 homes for sale in March 2024, a 23.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1310
-23.1%
3 1624
+50.0%
4 36
+100.0%
5+ 00
0.0%

Summary: The Sedro-Woolley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1013+30.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sedro-Woolley, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Sedro-Woolley in March 2024, up by 30.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% 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

Mar 2023Mar 2024CHANGE
70 Days59 Days-15.4%

Summary: Homes in Sedro-Woolley had an average of 59 days on market in Mar 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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 March 2024, 13 homes were sold in Sedro-Woolley; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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 25 Days Ago

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