Is Belfair-Tahuya, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belfair-Tahuya is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Belfair-Tahuya has remained a Seller's Market.

Key Takeaway

Belfair-Tahuya is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Belfair-Tahuya, WA

How much do homes in Belfair-Tahuya, WA cost?

Median Sold Price

$429,450

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$28,025(-6.1%)

Key Takeaway

Homes in Belfair-Tahuya have sold for 6.1% less than they did a year ago.

Summary: The median home sold price in Belfair-Tahuya was $429,450 in November 2024, down 6.1% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$352K
+17.3%
2 $470K$424.5K
-9.7%
3 $440K$415K
-5.7%
4 $517.5K$499.9K
-3.4%
5+ $499.9K$517.4K
+3.5%

Summary: Belfair-Tahuya housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Cities

Union-Grapeview
+6.3%
Belfair
-1.6%
Tahuya
-2.0%
Allyn
-2.9%
Belfair-Tahuya
-6.1%

Housing Supply in Belfair-Tahuya, WA

How many homes are available in Belfair-Tahuya, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5145-11.8%

Summary: The Belfair-Tahuya real estate market had 45 homes for sale in November 2024, a 11.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1715
-11.8%
3 2522
-12.0%
4 77
0.0%
5+ 00
0.0%

Summary: The Belfair-Tahuya housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes decreased by 12%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belfair-Tahuya, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Belfair-Tahuya in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.

Days on Market for Belfair-Tahuya, WA

How long does it take to sell a home in Belfair-Tahuya, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days64 Days+256.2%

Summary: Homes in Belfair-Tahuya had an average of 64 days on market in Nov 2024, up by 256.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Belfair-Tahuya; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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 17 Days Ago

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