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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skykomish is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Skykomish has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Skykomish, WA

How much do homes in Skykomish, WA cost?

Median Sold Price

$566,750

$333/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$160,220(-22.0%)

Key Takeaway

Homes in Skykomish have sold for 22% less than they did a month ago.

Summary: The median home sold price in Skykomish was $566,750 in March 2024, down 22% from last month, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $726.9K-
N/A
3 -$566.7K
N/A
4 --
N/A
5+ --
N/A

Summary: Skykomish housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Skykomish, WA

How many homes are available in Skykomish, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
34+33.3%

Summary: The Skykomish real estate market had 4 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 13
+200.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Skykomish 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 100%, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skykomish, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Skykomish in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Skykomish, WA

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

Average Sale Time

Feb 2024Mar 2024CHANGE
235 Days200 Days-14.9%

Summary: Homes in Skykomish had an average of 200 days on market in Mar 2024, down by 14.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Skykomish are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Skykomish; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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