Is Union-Grapeview, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union-Grapeview is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Union-Grapeview was a Seller's Market.

Key Takeaway

Union-Grapeview is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Union-Grapeview, WA

How much do homes in Union-Grapeview, WA cost?

Median Sold Price

$469,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$19,000(+4.2%)

Key Takeaway

Homes in Union-Grapeview have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Union-Grapeview was $469,000 in March 2024, up 4.2% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $329.9K$315K
-4.5%
2 $445.9K$425K
-4.7%
3 $454.9K$483K
+6.2%
4 $550K$557K
+1.3%
5+ $900K$655K
-27.2%

Summary: Union-Grapeview housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 27.2%.

Median Sold Price Compared To Nearby Cities

Union-Grapeview
+4.2%
Union
+1.8%
Timber Lake-Harstine Island
-6.8%
Grapeview
-7.4%

Housing Supply in Union-Grapeview, WA

How many homes are available in Union-Grapeview, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8497+15.5%

Summary: The Union-Grapeview real estate market had 97 homes for sale in March 2024, a 15.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 32
-33.3%
2 2127
+28.6%
3 5257
+9.6%
4 710
+42.9%
5+ 11
0.0%

Summary: The Union-Grapeview housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union-Grapeview, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Union-Grapeview in March 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for Union-Grapeview, WA

How long does it take to sell a home in Union-Grapeview, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
48 Days94 Days+94.4%

Summary: Homes in Union-Grapeview had an average of 94 days on market in Mar 2024, up by 94.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Union-Grapeview are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 16 homes were sold in Union-Grapeview; 44% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 44% 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 18 Days Ago

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