Is Mattawa-Royal City, 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, Mattawa-Royal City was a Seller's Market.
Key Takeaway
Mattawa-Royal City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mattawa-Royal City, WA
How much do homes in Mattawa-Royal City, WA cost?
Median Sold Price
$385,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mattawa-Royal City have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Mattawa-Royal City was $385,000 in May 2024, down 6.5% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $282.4K | $319.2K | +13.0% |
| 3 Bedrooms | $390K | $353.3K | -9.4% |
| 4 Bedrooms | $479.9K | $449.9K | -6.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Mattawa-Royal City 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 increased by 13%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mattawa | $452.4K | $456.9K | +1.0% |
| Mattawa-Royal City | $411.6K | $385K | -6.5% |
Housing Supply in Mattawa-Royal City, WA
How many homes are available in Mattawa-Royal City, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 40 | -13.0% |
Summary: The Mattawa-Royal City real estate market had 40 homes for sale in May 2024, a 13.0% decrease 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 30 | 26 | -13.3% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mattawa-Royal City 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 decreased by 13.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mattawa-Royal City, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Mattawa-Royal City in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Mattawa-Royal City, WA
How long does it take to sell a home in Mattawa-Royal City, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 89 Days | 54 Days | -38.7% |
Summary: Homes in Mattawa-Royal City had an average of 54 days on market in May 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mattawa-Royal City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Mattawa-Royal City; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.