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 November 2022

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

$921,406

$438/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

-$144,668(-13.6%)

Key Takeaway

Homes in Snoqualmie Valley have sold for 13.6% less than they did a year ago.

Summary: The median home sold price in Snoqualmie Valley was $921,406 in November 2023, down 13.6% from last year, and the median price per square foot was $438.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $435K$397.4K
-8.6%
2 $625K$612.5K
-2.0%
3 $900.7K$840K
-6.7%
4 $1.2M$1.1M
-10.4%
5+ $1.3M$1.3M
-1.4%

Summary: Snoqualmie Valley housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Snoqualmie Valley
-13.6%
North Bend
-18.3%

Housing Supply in Snoqualmie Valley, WA

How many homes are available in Snoqualmie Valley, WA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
219186-15.1%

Summary: The Snoqualmie Valley real estate market had 186 homes for sale in November 2023, a 15.1% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 54
-20.0%
2 1918
-5.3%
3 9979
-20.2%
4 7065
-7.1%
5+ 2620
-23.1%

Summary: The Snoqualmie Valley housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
6444-31.3%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

10 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. 50% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Snoqualmie Valley in November 2023, down by 31.3% month-over-month. Of the 44 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% 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

Nov 2022Nov 2023CHANGE
31 Days49 Days+56.3%

Summary: Homes in Snoqualmie Valley had an average of 49 days on market in Nov 2023, up by 56.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

7 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 November 2023, 44 homes were sold in Snoqualmie Valley; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% 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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