Is Twin Lakes, 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, Twin Lakes has remained a Seller's Market.
Key Takeaway
Twin Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Twin Lakes, WA
How much do homes in Twin Lakes, WA cost?
Median Sold Price
$576,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Twin Lakes have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Twin Lakes was $576,000 in April 2024, up 1.4% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $279.9K | $292.5K | +4.5% |
| 2 Bedrooms | $335K | $329K | -1.8% |
| 3 Bedrooms | $535K | $557.5K | +4.2% |
| 4 Bedrooms | $624.9K | $630K | +0.8% |
| 5+ Bedrooms | $684.5K | $725K | +5.9% |
Summary: Twin Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Quail Run | $322.5K | $331.5K | +2.8% |
| Twin Lakes | $567.8K | $576K | +1.4% |
Housing Supply in Twin Lakes, WA
How many homes are available in Twin Lakes, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 44 | 0.0% |
Summary: The Twin Lakes real estate market had 44 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 12 | 17 | +41.7% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Twin Lakes 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 decreased by 50%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Twin Lakes, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Twin Lakes in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 7% were sold at asking, and 64% were sold over asking.
Days on Market for Twin Lakes, WA
How long does it take to sell a home in Twin Lakes, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 18 Days | -51.2% |
Summary: Homes in Twin Lakes had an average of 18 days on market in Apr 2024, down by 51.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Twin Lakes are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Twin Lakes; 93% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% 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.