Is Castle Rock, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castle Rock is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$100,000(+27.8%)

Key Takeaway

Homes in Castle Rock have sold for 27.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $210K$385K
+83.3%
2 $268K$275.5K
+2.8%
3 $365K$455K
+24.7%
4 $487.4K$582.5K
+19.5%
5+ $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 2024Apr 2024CHANGE
4566+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

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 25
+150.0%
3 2741
+51.9%
4 1518
+20.0%
5+ 01
+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 2024Apr 2024CHANGE
516+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castle Rock, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.

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 2023Apr 2024CHANGE
35 Days81 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

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