Is Pacific County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacific County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Pacific County was a Seller's Market.

Key Takeaway

Pacific County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Pacific County, WA

How much do homes in Pacific County, WA cost?

Median Sold Price

$341,983

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,150(+2.1%)

Key Takeaway

Homes in Pacific County have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Pacific County was $341,983 in May 2024, up 2.1% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $199.9K$249K
+24.5%
2 $327K$319.9K
-2.2%
3 $353.3K$400K
+13.2%
4 $458K$402K
-12.2%
5+ $450K$150K
-66.7%

Summary: Pacific County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes decreased by 12.2%, and 5+ bedroom homes decreased by 66.7%.

Median Sold Price Compared To Nearby Counties

Pacific County
+2.1%
Wahkiakum County
+1.2%
Grays Harbor County
0.1%
Lewis County
0.0%

Housing Supply in Pacific County, WA

How many homes are available in Pacific County, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
252303+20.2%

Summary: The Pacific County real estate market had 303 homes for sale in May 2024, a 20.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2326
+13.0%
2 90104
+15.6%
3 106132
+24.5%
4 2330
+30.4%
5+ 1011
+10.0%

Summary: The Pacific County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3750+35.1%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacific County, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Pacific County in May 2024, up by 35.1% month-over-month. Of the 50 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.

Days on Market for Pacific County, WA

How long does it take to sell a home in Pacific County, WA?

Average Sale Time

May 2023May 2024CHANGE
34 Days46 Days+32.8%

Summary: Homes in Pacific County had an average of 46 days on market in May 2024, up by 32.8% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pacific County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 50 homes were sold in Pacific County; 58% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Pacific County, WA

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