$5,641 Closing Credit*
$475,000
930 SqFt
3 Beds
•1 Full Bath
Ross A. Gossman, Listing Office: John L Scott Westwood
Is Arbor Heights, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Arbor Heights has remained a Seller's Market.
Key Takeaway
Arbor Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arbor Heights, WA
How much do homes in Arbor Heights, WA cost?
Median Sold Price
$800,000
$518/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$75,000(+10.3%)
Key Takeaway
Homes in Arbor Heights have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Arbor Heights was $800,000 in October 2024, up 10.3% from last year, and the median price per square foot was $518.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $442.5K | - | N/A |
| 2 Bedrooms | $588.7K | $713K | +21.1% |
| 3 Bedrooms | $775.7K | $850K | +9.6% |
| 4 Bedrooms | $885K | $930K | +5.1% |
| 5+ Bedrooms | $895K | $1.0M | +13.4% |
Summary: Arbor Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 13.4%.
Housing Supply in Arbor Heights, WA
How many homes are available in Arbor Heights, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The Arbor Heights real estate market had 32 homes for sale in October 2024, a 18.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Arbor Heights 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 increased by 25%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arbor Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Arbor Heights in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Arbor Heights, WA
How long does it take to sell a home in Arbor Heights, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 15 Days | -35.4% |
Summary: Homes in Arbor Heights had an average of 15 days on market in Oct 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arbor Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Arbor Heights; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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.