Is Black Diamond, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Black Diamond was a Seller's Market.
Key Takeaway
Black Diamond is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Black Diamond, WA
How much do homes in Black Diamond, WA cost?
Median Sold Price
$848,883
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Black Diamond have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Black Diamond was $848,883 in May 2024, up 6.2% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.3M | $440K | -66.2% |
| 2 Bedrooms | $484.9K | $699.9K | +44.3% |
| 3 Bedrooms | $649.9K | $695K | +6.9% |
| 4 Bedrooms | $799.9K | $926K | +15.8% |
| 5+ Bedrooms | $931.9K | $955K | +2.5% |
Summary: Black Diamond housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.2%, 2 bedroom homes increased by 44.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
| Kent | $599.9K | $644.6K | +7.4% |
| Black Diamond | $799.4K | $848.8K | +6.2% |
| Maple Valley | $740.3K | $759.2K | +2.6% |
| Enumclaw Plateau | $699.5K | $708.3K | +1.3% |
Housing Supply in Black Diamond, WA
How many homes are available in Black Diamond, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 71 | +36.5% |
Summary: The Black Diamond real estate market had 71 homes for sale in May 2024, a 36.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 12 | 24 | +100.0% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Black Diamond housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Black Diamond, you could pay more than the asking price. 72.7% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Black Diamond in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% were sold over asking.
Days on Market for Black Diamond, WA
How long does it take to sell a home in Black Diamond, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 22 Days | -46.4% |
Summary: Homes in Black Diamond had an average of 22 days on market in May 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Black Diamond are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Black Diamond; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.