Is Mineral, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Mineral, WA

How much do homes in Mineral, WA cost?

Median Sold Price

$489,250

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$70,500(+16.8%)

Key Takeaway

Homes in Mineral have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in Mineral was $489,250 in April 2024, up 16.8% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $291K$395K
+35.7%
2 $425K$467.7K
+10.1%
3 $418.7K$465K
+11.0%
4 $520.4K$621K
+19.3%
5+ --
N/A

Summary: Mineral housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.

Housing Supply in Mineral, WA

How many homes are available in Mineral, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3533-5.7%

Summary: The Mineral real estate market had 33 homes for sale in April 2024, a 5.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 119
-18.2%
3 1917
-10.5%
4 13
+200.0%
5+ 00
0.0%

Summary: The Mineral housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Mineral in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Mineral, WA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
86 Days94 Days+10.1%

Summary: Homes in Mineral had an average of 94 days on market in Apr 2024, up by 10.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Mineral are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 6 homes were sold in Mineral; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 15 Days Ago

Newest Listings in Mineral, WA

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