Is Key Peninsula-Anderson Island, 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, Key Peninsula-Anderson Island was a Seller's Market.
Housing Prices in Key Peninsula-Anderson Island, WA
How much do homes in Key Peninsula-Anderson Island, WA cost?
Median Sold Price
$465,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Key Peninsula-Anderson Island was $465,000 in May 2024, down 1.1% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $407.5K | $312.5K | -23.3% |
2 Bedrooms | $410.2K | $410K | -0.1% |
3 Bedrooms | $470K | $490K | +4.3% |
4 Bedrooms | $706.5K | $675K | -4.5% |
5+ Bedrooms | $769.9K | $987.4K | +28.2% |
Summary: Key Peninsula-Anderson Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Cities
Gig Harbor Peninsula | $819.6K | $844.3K | +3.0% |
Lakebay | $402K | $410K | +2.0% |
Key Peninsula-Anderson Island | $470K | $465K | -1.1% |
Vaughn | $696.5K | $565K | -18.9% |
Housing Supply in Key Peninsula-Anderson Island, WA
How many homes are available in Key Peninsula-Anderson Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 124 | +18.1% |
Summary: The Key Peninsula-Anderson Island real estate market had 124 homes for sale in May 2024, a 18.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 6 | -25.0% |
2 Bedrooms | 21 | 33 | +57.1% |
3 Bedrooms | 62 | 66 | +6.5% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Key Peninsula-Anderson Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 18 | -30.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Key Peninsula-Anderson Island in May 2024, down by 30.8% month-over-month. Of the 18 sold homes, 28% were sold under asking, 50% were sold at asking, and 22% were sold over asking.
Days on Market for Key Peninsula-Anderson Island, WA
How long does it take to sell a home in Key Peninsula-Anderson Island, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 56 Days | +5.5% |
Summary: Homes in Key Peninsula-Anderson Island had an average of 56 days on market in May 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Key Peninsula-Anderson Island; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.