Is Key Peninsula-Anderson Island, 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, Key Peninsula-Anderson Island has remained a Seller's Market.
Housing Prices in Key Peninsula-Anderson Island, WA
How much do homes in Key Peninsula-Anderson Island, WA cost?
Median Sold Price
$461,250
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Key Peninsula-Anderson Island was $461,250 in April 2024, down 3.7% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $431.5K | $300K | -30.5% |
2 Bedrooms | $422K | $410K | -2.8% |
3 Bedrooms | $479.9K | $477K | -0.6% |
4 Bedrooms | $678.2K | $676.2K | -0.3% |
5+ Bedrooms | $769.9K | $987.4K | +28.2% |
Summary: Key Peninsula-Anderson Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
Longbranch | $495K | $649.9K | +31.3% |
Gig Harbor Peninsula | $824.9K | $837.5K | +1.5% |
Lakebay | $415K | $405K | -2.4% |
Key Peninsula-Anderson Island | $478.9K | $461.2K | -3.7% |
Housing Supply in Key Peninsula-Anderson Island, WA
How many homes are available in Key Peninsula-Anderson Island, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 110 | +11.1% |
Summary: The Key Peninsula-Anderson Island real estate market had 110 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 66 | 65 | -1.5% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Key Peninsula-Anderson Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 26 | +4.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Key Peninsula-Anderson Island in April 2024, up by 4.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 27% were sold at asking, and 38% were sold over asking.
Days on Market for Key Peninsula-Anderson Island, WA
How long does it take to sell a home in Key Peninsula-Anderson Island, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 40 Days | -20.1% |
Summary: Homes in Key Peninsula-Anderson Island had an average of 40 days on market in Apr 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Key Peninsula-Anderson Island; 73% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.