Is West Queen Anne, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, West Queen Anne was a Seller's Market.
Key Takeaway
West Queen Anne is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Queen Anne, WA
How much do homes in West Queen Anne, WA cost?
Median Sold Price
$1,153,000
$634/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Queen Anne have sold for 6% more than they did a year ago.
Summary: The median home sold price in West Queen Anne was $1,153,000 in March 2024, up 6% from last year, and the median price per square foot was $634.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $392K | -0.8% |
| 2 Bedrooms | $641.2K | $650K | +1.4% |
| 3 Bedrooms | $1.3M | $1.3M | +1.0% |
| 4 Bedrooms | $1.7M | $1.8M | +7.9% |
| 5+ Bedrooms | $2.2M | $1.4M | -32.3% |
Summary: West Queen Anne housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 32.3%.
Median Sold Price Compared To Nearby Neighborhoods
| East Queen Anne | $925K | $995K | +7.6% |
| West Queen Anne | $1.0M | $1.1M | +6.0% |
| Queen Anne | $896K | $913.2K | +1.9% |
| Lower Queen Anne | $591.5K | $565K | -4.5% |
Housing Supply in West Queen Anne, WA
How many homes are available in West Queen Anne, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 33 | +57.1% |
Summary: The West Queen Anne real estate market had 33 homes for sale in March 2024, a 57.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 8 | +100.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The West Queen Anne housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Queen Anne, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in West Queen Anne in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for West Queen Anne, WA
How long does it take to sell a home in West Queen Anne, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 61 Days | +87.6% |
Summary: Homes in West Queen Anne had an average of 61 days on market in Mar 2024, up by 87.6% compared to last year.
Breakdown of Home Sale Times
3 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 West Queen Anne are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in West Queen Anne; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.