Is Snohomish Cascade, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Snohomish Cascade has remained a Seller's Market.
Key Takeaway
Snohomish Cascade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Snohomish Cascade, WA
How much do homes in Snohomish Cascade, WA cost?
Median Sold Price
$1,050,000
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Snohomish Cascade have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Snohomish Cascade was $1,050,000 in April 2024, down 4.5% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $335K | -10.7% |
| 2 Bedrooms | $454K | $440K | -3.1% |
| 3 Bedrooms | $901.7K | $862K | -4.4% |
| 4 Bedrooms | $1.1M | $1.0M | -3.6% |
| 5+ Bedrooms | $1.3M | $1.1M | -12.9% |
Summary: Snohomish Cascade housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 12.9%.
Housing Supply in Snohomish Cascade, WA
How many homes are available in Snohomish Cascade, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Snohomish Cascade real estate market had 27 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Snohomish Cascade housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Snohomish Cascade, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Snohomish Cascade in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Snohomish Cascade, WA
How long does it take to sell a home in Snohomish Cascade, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 12 Days | -37.7% |
Summary: Homes in Snohomish Cascade had an average of 12 days on market in Apr 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Snohomish Cascade are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Snohomish Cascade; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.