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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snoqualmie Valley is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Snoqualmie Valley, WA

How much do homes in Snoqualmie Valley, WA cost?

Median Sold Price

$953,981

$467/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,248(+0.9%)

Key Takeaway

Homes in Snoqualmie Valley have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Snoqualmie Valley was $953,981 in September 2024, up 0.9% from last year, and the median price per square foot was $467.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $397.4K$423.8K
+6.6%
2 $605K$640K
+5.8%
3 $840K$863.3K
+2.8%
4 $1.1M$1.1M
+6.5%
5+ $1.3M$1.3M
-0.8%

Summary: Snoqualmie Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Snoqualmie Valley
+0.9%
North Bend
-16.8%

Housing Supply in Snoqualmie Valley, WA

How many homes are available in Snoqualmie Valley, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
280267-4.6%

Summary: The Snoqualmie Valley real estate market had 267 homes for sale in September 2024, a 4.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 910
+11.1%
2 2523
-8.0%
3 113113
0.0%
4 10090
-10.0%
5+ 3331
-6.1%

Summary: The Snoqualmie Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 6.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
9971-28.3%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snoqualmie Valley, you may be able to get a good deal. 38% of homes here sold below asking price last month.

Summary: A total of 71 homes were sold or pending in Snoqualmie Valley in September 2024, down by 28.3% month-over-month. Of the 71 sold homes, 38% were sold under asking, 34% were sold at asking, and 28% were sold over asking.

Days on Market for Snoqualmie Valley, WA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
26 Days30 Days+12.6%

Summary: Homes in Snoqualmie Valley had an average of 30 days on market in Sep 2024, up by 12.6% compared to last year.

Breakdown of Home Sale Times

50 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 71 homes were sold in Snoqualmie Valley; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% 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 14 Days Ago

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