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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shelton is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Shelton, WA

How much do homes in Shelton, WA cost?

Median Sold Price

$390,166

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$15,166(+4.0%)

Key Takeaway

Homes in Shelton have sold for 4% more than they did a year ago.

Summary: The median home sold price in Shelton was $390,166 in August 2024, up 4% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $295K$254.2K
-13.8%
2 $325K$345K
+6.2%
3 $372.6K$399.9K
+7.3%
4 $489.5K$502.5K
+2.7%
5+ $420K$435K
+3.6%

Summary: Shelton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.6%.

Housing Supply in Shelton, WA

How many homes are available in Shelton, WA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
280302+7.9%

Summary: The Shelton real estate market had 302 homes for sale in August 2024, a 7.9% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 610
+66.7%
2 6269
+11.3%
3 172173
+0.6%
4 3646
+27.8%
5+ 44
0.0%

Summary: The Shelton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
5855-5.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shelton, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 55 homes were sold or pending in Shelton in August 2024, down by 5.2% month-over-month. Of the 55 sold homes, 25% were sold under asking, 45% were sold at asking, and 29% 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

Aug 2023Aug 2024CHANGE
29 Days32 Days+12.9%

Summary: Homes in Shelton had an average of 32 days on market in Aug 2024, up by 12.9% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 55 homes were sold in Shelton; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 15 Days Ago

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