Is Downtown, 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, Downtown was a Seller's Market.
Housing Prices in Downtown, WA
How much do homes in Downtown, WA cost?
Median Sold Price
$689,000
$774/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $689,000 in April 2024, up 9.4% from last year, and the median price per square foot was $774.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $559.5K | $537K | -4.0% |
2 Bedrooms | $977.5K | $1.0M | +4.3% |
3 Bedrooms | $1.7M | $1.7M | +4.8% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Downtown | $630K | $689K | +9.4% |
Pike Market | $725K | $783K | +8.0% |
Central Business District | $730K | $750K | +2.7% |
Housing Supply in Downtown, WA
How many homes are available in Downtown, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
200 | 239 | +19.5% |
Summary: The Downtown real estate market had 239 homes for sale in April 2024, a 19.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 101 | 131 | +29.7% |
2 Bedrooms | 87 | 94 | +8.0% |
3 Bedrooms | 12 | 14 | +16.7% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.7%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 34 | -27.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Downtown in April 2024, down by 27.7% month-over-month. Of the 34 sold homes, 53% were sold under asking, 38% were sold at asking, and 9% were sold over asking.
Days on Market for Downtown, WA
How long does it take to sell a home in Downtown, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 37 Days | +14.8% |
Summary: Homes in Downtown had an average of 37 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 34 homes were sold in Downtown; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.