Is Rock Lake, 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, Rock Lake has remained a Seller's Market.
Key Takeaway
Rock Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rock Lake, WA
How much do homes in Rock Lake, WA cost?
Median Sold Price
$286,375
$109/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Rock Lake have sold for 46.9% more than they did a year ago.
Summary: The median home sold price in Rock Lake was $286,375 in May 2024, up 46.9% from last year, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $79K | N/A |
| 2 Bedrooms | $153.2K | - | N/A |
| 3 Bedrooms | $170K | $184.9K | +8.8% |
| 4 Bedrooms | $277.5K | $330K | +18.9% |
| 5+ Bedrooms | $359K | $312.5K | -13.0% |
Summary: Rock Lake 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 8.8%, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
| Rock Lake | $195K | $286.3K | +46.9% |
| Saint John | $283.2K | $286.3K | +1.1% |
Housing Supply in Rock Lake, WA
How many homes are available in Rock Lake, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Rock Lake real estate market had 6 homes for sale in May 2024, a 14.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Rock Lake 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rock Lake, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Rock Lake in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Rock Lake, WA
How long does it take to sell a home in Rock Lake, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 185 Days | 31 Days | -83.0% |
Summary: Homes in Rock Lake had an average of 31 days on market in May 2024, down by 83% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rock Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Rock Lake; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.