Is Aberdeen-Hoquiam, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Aberdeen-Hoquiam is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Aberdeen-Hoquiam was a Seller's Market.

Key Takeaway

Aberdeen-Hoquiam is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Aberdeen-Hoquiam, WA

How much do homes in Aberdeen-Hoquiam, WA cost?

Median Sold Price

$268,500

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,500(+3.3%)

Key Takeaway

Homes in Aberdeen-Hoquiam have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Aberdeen-Hoquiam was $268,500 in October 2024, up 3.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $153.7K$136.2K
-11.4%
2 $210K$213.4K
+1.6%
3 $279.4K$285K
+2.0%
4 $274.9K$287.5K
+4.6%
5+ $349.5K$349.9K
0.1%

Summary: Aberdeen-Hoquiam housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Cities

Hoquiam
+4.6%
Aberdeen-Hoquiam
+3.3%
Aberdeen
0.5%

Housing Supply in Aberdeen-Hoquiam, WA

How many homes are available in Aberdeen-Hoquiam, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
192199+3.6%

Summary: The Aberdeen-Hoquiam real estate market had 199 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 4136
-12.2%
3 9095
+5.6%
4 5055
+10.0%
5+ 79
+28.6%

Summary: The Aberdeen-Hoquiam housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3024-20.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Aberdeen-Hoquiam, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Aberdeen-Hoquiam in October 2024, down by 20.0% month-over-month. Of the 24 sold homes, 46% were sold under asking, 33% were sold at asking, and 21% were sold over asking.

Days on Market for Aberdeen-Hoquiam, WA

How long does it take to sell a home in Aberdeen-Hoquiam, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days39 Days-31.1%

Summary: Homes in Aberdeen-Hoquiam had an average of 39 days on market in Oct 2024, down by 31.1% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Aberdeen-Hoquiam are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in Aberdeen-Hoquiam; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% 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 16 Days Ago

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