Is Grass Lawn, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grass Lawn is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Grass Lawn has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Grass Lawn, WA

How much do homes in Grass Lawn, WA cost?

Median Sold Price

$1,278,750

$647/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$378,750(+42.1%)

Key Takeaway

Homes in Grass Lawn have sold for 42.1% more than they did a year ago.

Summary: The median home sold price in Grass Lawn was $1,278,750 in September 2024, up 42.1% from last year, and the median price per square foot was $647.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $324K$380K
+17.3%
2 $554.5K$595K
+7.3%
3 $1.0M$1.3M
+28.6%
4 $1.4M$1.5M
+9.4%
5+ $1.7M$3.1M
+79.6%

Summary: Grass Lawn housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 79.6%.

Housing Supply in Grass Lawn, WA

How many homes are available in Grass Lawn, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3744+18.9%

Summary: The Grass Lawn real estate market had 44 homes for sale in September 2024, a 18.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 38
+166.7%
2 1412
-14.3%
3 810
+25.0%
4 99
0.0%
5+ 35
+66.7%

Summary: The Grass Lawn housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 166.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grass Lawn, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Grass Lawn in September 2024, down by 13.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.

Days on Market for Grass Lawn, WA

How long does it take to sell a home in Grass Lawn, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
9 Days17 Days+90.4%

Summary: Homes in Grass Lawn had an average of 17 days on market in Sep 2024, up by 90.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 13 homes were sold in Grass Lawn; 77% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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