Is Issaquah Plateau, 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, Issaquah Plateau has remained a Seller's Market.
Key Takeaway
Issaquah Plateau is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Issaquah Plateau, WA
How much do homes in Issaquah Plateau, WA cost?
Median Sold Price
$1,347,714
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Issaquah Plateau have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Issaquah Plateau was $1,347,714 in May 2024, up 12.3% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $405K | +1.3% |
| 2 Bedrooms | $560K | $597K | +6.6% |
| 3 Bedrooms | $1.0M | $1.1M | +8.2% |
| 4 Bedrooms | $1.5M | $1.6M | +13.2% |
| 5+ Bedrooms | $2.1M | $2.1M | 0.0% |
Summary: Issaquah Plateau housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Issaquah Plateau | $1.2M | $1.3M | +12.3% |
| Seattle East | $1.0M | $1.2M | +12.2% |
| Sammamish | $1.5M | $1.6M | +7.2% |
| Issaquah | $956K | $1.0M | +5.2% |
| Tahoma-Maple Valley | $700.1K | $721K | +3.0% |
Housing Supply in Issaquah Plateau, WA
How many homes are available in Issaquah Plateau, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 325 | 399 | +22.8% |
Summary: The Issaquah Plateau real estate market had 399 homes for sale in May 2024, a 22.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 15 | -21.1% |
| 2 Bedrooms | 58 | 65 | +12.1% |
| 3 Bedrooms | 77 | 105 | +36.4% |
| 4 Bedrooms | 117 | 149 | +27.4% |
| 5+ Bedrooms | 54 | 65 | +20.4% |
Summary: The Issaquah Plateau housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 27.4%, and 5+ bedroom homes increased by 20.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 134 | +18.6% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
79 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Issaquah Plateau, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 134 homes were sold or pending in Issaquah Plateau in May 2024, up by 18.6% month-over-month. Of the 134 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Issaquah Plateau, WA
How long does it take to sell a home in Issaquah Plateau, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 13 Days | -50.2% |
Summary: Homes in Issaquah Plateau had an average of 13 days on market in May 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Issaquah Plateau are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 134 homes were sold in Issaquah Plateau; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% 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.