Is Thorp, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thorp is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Thorp has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thorp, WA

How much do homes in Thorp, WA cost?

Median Sold Price

$850,000

$596/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$650,000(-43.3%)

Key Takeaway

Homes in Thorp have sold for 43.3% less than they did a month ago.

Summary: The median home sold price in Thorp was $850,000 in May 2024, down 43.3% from last month, and the median price per square foot was $596.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $1.5M-
N/A
3 --
N/A
4 -$850K
N/A
5+ --
N/A

Summary: Thorp housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Thorp, WA

How many homes are available in Thorp, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
32-33.3%

Summary: The Thorp real estate market had 2 homes for sale in May 2024, a 33.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 11
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Thorp housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thorp, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Thorp in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Thorp, WA

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

Average Sale Time

Apr 2024May 2024CHANGE
183 Days304 Days+66.1%

Summary: Homes in Thorp had an average of 304 days on market in May 2024, up by 66.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Thorp are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Thorp; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 13 Days Ago

Newest Listings in Thorp, WA

Nearby Markets to Thorp, WA

What housing markets are near Thorp, WA?