Is Heritage, 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, Heritage was a Seller's Market.
Housing Prices in Heritage, WA
How much do homes in Heritage, WA cost?
Median Sold Price
$562,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Heritage was $562,500 in May 2024, down 1.7% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $752.6K | - | N/A |
3 Bedrooms | $460K | $498.2K | +8.3% |
4 Bedrooms | $629.9K | $596.4K | -5.3% |
5+ Bedrooms | $890K | $786.5K | -11.6% |
Summary: Heritage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 11.6%.
Housing Supply in Heritage, WA
How many homes are available in Heritage, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 68 | +28.3% |
Summary: The Heritage real estate market had 68 homes for sale in May 2024, a 28.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 23 | 34 | +47.8% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Heritage housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 47.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Heritage in May 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Heritage, WA
How long does it take to sell a home in Heritage, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 7 Days | -84.0% |
Summary: Homes in Heritage had an average of 7 days on market in May 2024, down by 84% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Heritage; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.