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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snoqualmie is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Snoqualmie, WA

How much do homes in Snoqualmie, WA cost?

Median Sold Price

$1,060,000

$447/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$88,000(-7.7%)

Key Takeaway

Homes in Snoqualmie have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in Snoqualmie was $1,060,000 in February 2024, down 7.7% from last year, and the median price per square foot was $447.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$424.9K
N/A
2 $658.2K$654.5K
-0.6%
3 $907.5K$849.9K
-6.3%
4 $1.3M$1.2M
-5.9%
5+ $1.6M$1.5M
-8.9%

Summary: Snoqualmie housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Cities

Snoqualmie
-7.7%
Snoqualmie Valley
-8.0%
North Bend
-17.7%

Housing Supply in Snoqualmie, WA

How many homes are available in Snoqualmie, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2224+9.1%

Summary: The Snoqualmie real estate market had 24 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 41
-75.0%
3 89
+12.5%
4 912
+33.3%
5+ 12
+100.0%

Summary: The Snoqualmie housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snoqualmie, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Snoqualmie in February 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for Snoqualmie, WA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
61 Days41 Days-32.6%

Summary: Homes in Snoqualmie had an average of 41 days on market in Feb 2024, down by 32.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 8 homes were sold in Snoqualmie; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% 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 1 Day Ago

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