Is Loon Lake, 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, Loon Lake has remained a Seller's Market.
Housing Prices in Loon Lake, WA
How much do homes in Loon Lake, WA cost?
Median Sold Price
$552,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Loon Lake was $552,500 in April 2024, up 0.5% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $477.5K | $130K | -72.8% |
2 Bedrooms | $322.5K | $435K | +34.9% |
3 Bedrooms | $531K | $539.9K | +1.7% |
4 Bedrooms | $567.5K | $550K | -3.1% |
5+ Bedrooms | $658K | $699K | +6.2% |
Summary: Loon Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 72.8%, 2 bedroom homes increased by 34.9%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Nine Mile Falls | $587.5K | $605K | +3.0% |
Loon Lake | $550K | $552.5K | 0.5% |
Housing Supply in Loon Lake, WA
How many homes are available in Loon Lake, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 42 | +44.8% |
Summary: The Loon Lake real estate market had 42 homes for sale in April 2024, a 44.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Loon Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 44.4%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 9 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Loon Lake in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Loon Lake, WA
How long does it take to sell a home in Loon Lake, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 17 Days | +82.1% |
Summary: Homes in Loon Lake had an average of 17 days on market in Apr 2024, up by 82.1% compared to last year.
Breakdown of Home Sale Times
8 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, 9 homes were sold in Loon Lake; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.