Is Steel Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Steel Lake has remained a Seller's Market.
Housing Prices in Steel Lake, WA
How much do homes in Steel Lake, WA cost?
Median Sold Price
$652,500
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Steel Lake was $652,500 in March 2024, up 18.9% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $314.9K | $253K | -19.7% |
2 Bedrooms | $325K | $299.9K | -7.7% |
3 Bedrooms | $549K | $495K | -9.8% |
4 Bedrooms | $605K | $699.9K | +15.7% |
5+ Bedrooms | $719.9K | $759.2K | +5.4% |
Summary: Steel Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Steel Lake, WA
How many homes are available in Steel Lake, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Summary: The Steel Lake real estate market had 8 homes for sale in March 2024, a 27.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Steel Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Steel Lake in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Steel Lake, WA
How long does it take to sell a home in Steel Lake, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
18 Days | 11 Days | -37.3% |
Summary: Homes in Steel Lake had an average of 11 days on market in Mar 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Steel Lake; 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.