Is East, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East has remained a Seller's Market.
Key Takeaway
East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East, WA
How much do homes in East, WA cost?
Median Sold Price
$762,618
$660/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in East was $762,618 in May 2024, up 4.1% from last year, and the median price per square foot was $660.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.4K | $400K | -3.0% |
| 2 Bedrooms | $719.4K | $699.9K | -2.7% |
| 3 Bedrooms | $1.2M | $1.2M | +2.5% |
| 4 Bedrooms | $1.8M | $2.1M | +13.5% |
| 5+ Bedrooms | $3.1M | $2.9M | -6.5% |
Summary: East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Stevens | $985K | $1.2M | +26.9% |
| Capitol Hill | $1.5M | $1.8M | +19.5% |
| East | $732.5K | $762.6K | +4.1% |
Housing Supply in East, WA
How many homes are available in East, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 237 | 300 | +26.6% |
Summary: The East real estate market had 300 homes for sale in May 2024, a 26.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 89 | 108 | +21.3% |
| 2 Bedrooms | 75 | 96 | +28.0% |
| 3 Bedrooms | 35 | 45 | +28.6% |
| 4 Bedrooms | 20 | 31 | +55.0% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.3%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 55%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 59 | +31.1% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 59 homes were sold or pending in East in May 2024, up by 31.1% month-over-month. Of the 59 sold homes, 42% were sold under asking, 37% were sold at asking, and 20% were sold over asking.
Days on Market for East, WA
How long does it take to sell a home in East, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -3.7% |
Summary: Homes in East had an average of 35 days on market in May 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 59 homes were sold in East; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% 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.