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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodland is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Woodland was a Seller's Market.

Key Takeaway

Woodland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Woodland, WA

How much do homes in Woodland, WA cost?

Median Sold Price

$550,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$90,000(+19.6%)

Key Takeaway

Homes in Woodland have sold for 19.6% more than they did a year ago.

Summary: The median home sold price in Woodland was $550,000 in March 2024, up 19.6% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $114K$1.5M
+1215.8%
2 $380K$399.9K
+5.2%
3 $430K$533.5K
+24.1%
4 $519K$596K
+14.8%
5+ $635K$714.9K
+12.6%

Summary: Woodland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1215.8%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 24.1%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 12.6%.

Housing Supply in Woodland, WA

How many homes are available in Woodland, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
94103+9.6%

Summary: The Woodland real estate market had 103 homes for sale in March 2024, a 9.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 77
0.0%
3 4848
0.0%
4 3337
+12.1%
5+ 610
+66.7%

Summary: The Woodland 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodland, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Woodland in March 2024, up by 10.0% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.

Days on Market for Woodland, WA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
93 Days110 Days+18.3%

Summary: Homes in Woodland had an average of 110 days on market in Mar 2024, up by 18.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 11 homes were sold in Woodland; 45% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 55% 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 25 Days Ago

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