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 October 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

$430,875

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$19,075(-4.2%)

Key Takeaway

Homes in Belfair-Tahuya have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Belfair-Tahuya was $430,875 in October 2024, down 4.2% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $300K$352K
+17.3%
2 $387.5K$424.5K
+9.5%
3 $440K$419.9K
-4.6%
4 $520K$499.9K
-3.9%
5+ $507.4K$519.9K
+2.5%

Summary: Belfair-Tahuya housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 2.5%.

Median Sold Price Compared To Nearby Cities

Union-Grapeview
+5.8%
Belfair
+1.1%
Allyn
-2.7%
Belfair-Tahuya
-4.2%

Housing Supply in Belfair-Tahuya, WA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5350-5.7%

Summary: The Belfair-Tahuya real estate market had 50 homes for sale in October 2024, a 5.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1516
+6.7%
3 2725
-7.4%
4 87
-12.5%
5+ 00
0.0%

Summary: The Belfair-Tahuya housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1213+8.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belfair-Tahuya, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Belfair-Tahuya in October 2024, up by 8.3% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% 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

Oct 2023Oct 2024CHANGE
22 Days30 Days+35.7%

Summary: Homes in Belfair-Tahuya had an average of 30 days on market in Oct 2024, up by 35.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was 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 October 2024, 13 homes were sold in Belfair-Tahuya; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% 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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