Is East Renton Highlands, 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, East Renton Highlands has remained a Seller's Market.
Housing Prices in East Renton Highlands, WA
How much do homes in East Renton Highlands, WA cost?
Median Sold Price
$665,000
$417/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Renton Highlands was $665,000 in April 2024, down 8.3% from last year, and the median price per square foot was $417.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $250K | +5.3% |
2 Bedrooms | $442.5K | $412K | -6.9% |
3 Bedrooms | $676K | $657.5K | -2.7% |
4 Bedrooms | $925K | $912.5K | -1.4% |
5+ Bedrooms | $1.3M | $1.4M | +10.5% |
Summary: East Renton Highlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 10.5%.
Housing Supply in East Renton Highlands, WA
How many homes are available in East Renton Highlands, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 59 | +18.0% |
Summary: The East Renton Highlands real estate market had 59 homes for sale in April 2024, a 18.0% increase 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 | 12 | +20.0% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 14 | 10 | -28.6% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The East Renton Highlands 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 20%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 17 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in East Renton Highlands in April 2024, the same as the previous month. Of the 17 sold homes, 24% were sold under asking, 35% were sold at asking, and 41% were sold over asking.
Days on Market for East Renton Highlands, WA
How long does it take to sell a home in East Renton Highlands, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 10 Days | +18.3% |
Summary: Homes in East Renton Highlands had an average of 10 days on market in Apr 2024, up by 18.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in East Renton Highlands; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.