Is Castle Rock, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Castle Rock has remained a Seller's Market.
Housing Prices in Castle Rock, WA
How much do homes in Castle Rock, WA cost?
Median Sold Price
$460,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Castle Rock was $460,000 in April 2024, up 27.8% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $385K | +83.3% |
2 Bedrooms | $268K | $275.5K | +2.8% |
3 Bedrooms | $365K | $455K | +24.7% |
4 Bedrooms | $487.4K | $582.5K | +19.5% |
5+ Bedrooms | $407K | $522.5K | +28.4% |
Summary: Castle Rock housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 28.4%.
Housing Supply in Castle Rock, WA
How many homes are available in Castle Rock, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 66 | +46.7% |
Summary: The Castle Rock real estate market had 66 homes for sale in April 2024, a 46.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 27 | 41 | +51.9% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Castle Rock 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 increased by 150%, 3 bedroom homes increased by 51.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 16 | +220.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Castle Rock in April 2024, up by 220.0% month-over-month. Of the 16 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% were sold over asking.
Days on Market for Castle Rock, WA
How long does it take to sell a home in Castle Rock, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 81 Days | +131.0% |
Summary: Homes in Castle Rock had an average of 81 days on market in Apr 2024, up by 131% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Castle Rock; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.