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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zenith is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Zenith has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Zenith, WA

How much do homes in Zenith, WA cost?

Median Sold Price

$530,000

$406/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$5,050(+1.0%)

Key Takeaway

Homes in Zenith have sold for 1% more than they did a year ago.

Summary: The median home sold price in Zenith was $530,000 in April 2024, up 1% from last year, and the median price per square foot was $406.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $282.5K$336.5K
+19.1%
2 $440K$460K
+4.5%
3 $549.9K$575K
+4.6%
4 $841.5K$705K
-16.2%
5+ $870K$828K
-4.8%

Summary: Zenith housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 4.8%.

Housing Supply in Zenith, WA

How many homes are available in Zenith, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2221-4.5%

Summary: The Zenith real estate market had 21 homes for sale in April 2024, a 4.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1210
-16.7%
3 910
+11.1%
4 11
0.0%
5+ 00
0.0%

Summary: The Zenith 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 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zenith, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Zenith in April 2024, up by 100.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for Zenith, WA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
3 Days30 Days+815.0%

Summary: Homes in Zenith had an average of 30 days on market in Apr 2024, up by 815% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Zenith; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

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