Is Belfair, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Belfair was a Seller's Market.
Key Takeaway
Belfair 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 Belfair, WA
How much do homes in Belfair, WA cost?
Median Sold Price
$455,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Belfair have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Belfair was $455,500 in April 2024, up 3.5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $445K | $250K | -43.8% |
| 2 Bedrooms | $377.5K | $520K | +37.7% |
| 3 Bedrooms | $443K | $419K | -5.4% |
| 4 Bedrooms | $632.5K | $515K | -18.6% |
| 5+ Bedrooms | $740K | $519.9K | -29.7% |
Summary: Belfair housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 37.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Allyn | $505K | $535K | +5.9% |
| Belfair | $440K | $455.5K | +3.5% |
| Union-Grapeview | $450K | $465K | +3.3% |
| Belfair-Tahuya | $437.5K | $442K | +1.0% |
| Tahuya | $379K | $380K | 0.3% |
Housing Supply in Belfair, WA
How many homes are available in Belfair, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 54 | -3.6% |
Summary: The Belfair real estate market had 54 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Belfair housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belfair, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Belfair in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% were sold over asking.
Days on Market for Belfair, WA
How long does it take to sell a home in Belfair, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 68 Days | 34 Days | -49.8% |
Summary: Homes in Belfair had an average of 34 days on market in Apr 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belfair are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Belfair; 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.