Is Mill Creek, 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, Mill Creek has remained a Seller's Market.
Housing Prices in Mill Creek, WA
How much do homes in Mill Creek, WA cost?
Median Sold Price
$899,990
$448/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mill Creek was $899,990 in May 2024, up 1.1% from last year, and the median price per square foot was $448.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $325K | -1.5% |
2 Bedrooms | $592.4K | $645K | +8.9% |
3 Bedrooms | $835K | $887K | +6.2% |
4 Bedrooms | $1.0M | $1.1M | +4.6% |
5+ Bedrooms | $1.2M | $1.4M | +18.1% |
Summary: Mill Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in Mill Creek, WA
How many homes are available in Mill Creek, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 61 | +17.3% |
Summary: The Mill Creek real estate market had 61 homes for sale in May 2024, a 17.3% 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 | 6 | 10 | +66.7% |
3 Bedrooms | 22 | 23 | +4.5% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Mill Creek 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 increased by 66.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Mill Creek in May 2024, up by 15.8% month-over-month. Of the 22 sold homes, 32% were sold under asking, 9% were sold at asking, and 59% were sold over asking.
Days on Market for Mill Creek, WA
How long does it take to sell a home in Mill Creek, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 12 Days | -45.1% |
Summary: Homes in Mill Creek had an average of 12 days on market in May 2024, down by 45.1% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Mill Creek; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.