Is Southeast, 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, Southeast has remained a Seller's Market.
Key Takeaway
Southeast is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast, WA
How much do homes in Southeast, WA cost?
Median Sold Price
$769,995
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southeast have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Southeast was $769,995 in April 2024, down 0.7% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455.5K | $477.5K | +4.8% |
| 2 Bedrooms | $585K | $609K | +4.1% |
| 3 Bedrooms | $799K | $776.8K | -2.8% |
| 4 Bedrooms | $910K | $940K | +3.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +11.4% |
Summary: Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 11.4%.
Housing Supply in Southeast, WA
How many homes are available in Southeast, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 155 | 179 | +15.5% |
Summary: The Southeast real estate market had 179 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 34 | 25 | -26.5% |
| 3 Bedrooms | 58 | 77 | +32.8% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 19 | 23 | +21.1% |
Summary: The Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 26.5%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 64 | +48.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast, you could pay more than the asking price. 42.2% of homes here sold above asking price last month.
Summary: A total of 64 homes were sold or pending in Southeast in April 2024, up by 48.8% month-over-month. Of the 64 sold homes, 28% were sold under asking, 30% were sold at asking, and 42% were sold over asking.
Days on Market for Southeast, WA
How long does it take to sell a home in Southeast, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 25 Days | -15.1% |
Summary: Homes in Southeast had an average of 25 days on market in Apr 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 64 homes were sold in Southeast; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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.