Is South Lake Union, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, South Lake Union has remained a Seller's Market.
Housing Prices in South Lake Union, WA
How much do homes in South Lake Union, WA cost?
Median Sold Price
$888,500
$730/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in South Lake Union was $888,500 in April 2024, down 21% from last month, and the median price per square foot was $730.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $475K | $545K | +14.7% |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.2M | $1.2M | +1.4% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: South Lake Union housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in South Lake Union, WA
How many homes are available in South Lake Union, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The South Lake Union real estate market had 11 homes for sale in April 2024, a 21.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 6 | 3 | -50.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Lake Union 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 remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in South Lake Union in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Lake Union, WA
How long does it take to sell a home in South Lake Union, WA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 8 Days | -79.4% |
Summary: Homes in South Lake Union had an average of 8 days on market in Apr 2024, down by 79.4% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in South Lake Union; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.