Is Shelton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shelton has remained a Seller's Market.
Housing Prices in Shelton, WA
How much do homes in Shelton, WA cost?
Median Sold Price
$384,286
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shelton was $384,286 in March 2024, up 6.7% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $295K | +63.9% |
2 Bedrooms | $285K | $337.5K | +18.4% |
3 Bedrooms | $360K | $380K | +5.6% |
4 Bedrooms | $435.5K | $496.9K | +14.1% |
5+ Bedrooms | $427.5K | $449K | +5.0% |
Summary: Shelton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.9%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 5%.
Housing Supply in Shelton, WA
How many homes are available in Shelton, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
137 | 165 | +20.4% |
Summary: The Shelton real estate market had 165 homes for sale in March 2024, a 20.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 9 | +80.0% |
2 Bedrooms | 40 | 51 | +27.5% |
3 Bedrooms | 81 | 90 | +11.1% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shelton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes increased by 27.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 37 | +12.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Shelton in March 2024, up by 12.1% month-over-month. Of the 37 sold homes, 41% were sold under asking, 19% were sold at asking, and 41% were sold over asking.
Days on Market for Shelton, WA
How long does it take to sell a home in Shelton, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 47 Days | -25.5% |
Summary: Homes in Shelton had an average of 47 days on market in Mar 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 37 homes were sold in Shelton; 65% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.