Is Belfair-Tahuya, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$440,000
$275/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Belfair-Tahuya has remained the same since last year.
Summary: The median home sold price in Belfair-Tahuya was $440,000 in May 2024, the same as last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $458K | $351K | -23.4% |
| 2 Bedrooms | $374K | $499K | +33.4% |
| 3 Bedrooms | $446.8K | $415K | -7.1% |
| 4 Bedrooms | $775K | $506.9K | -34.6% |
| 5+ Bedrooms | $740K | $517.4K | -30.1% |
Summary: Belfair-Tahuya housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.4%, 2 bedroom homes increased by 33.4%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 34.6%, and 5+ bedroom homes decreased by 30.1%.
Median Sold Price Compared To Nearby Cities
| Allyn | $507K | $535K | +5.5% |
| Belfair | $440K | $450K | +2.3% |
| Union-Grapeview | $455K | $461K | +1.3% |
| Belfair-Tahuya | $440K | $440K | 0.0% |
| Tahuya | $381.9K | $375.5K | -1.7% |
Housing Supply in Belfair-Tahuya, WA
How many homes are available in Belfair-Tahuya, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 61 | 0.0% |
Summary: The Belfair-Tahuya real estate market had 61 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 2 | -66.7% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Belfair-Tahuya housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 24 | +140.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belfair-Tahuya, expect to pay close to the asking price. 45.8% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Belfair-Tahuya in May 2024, up by 140.0% month-over-month. Of the 24 sold homes, 17% were sold under asking, 46% were sold at asking, and 38% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 28 Days | -0.5% |
Summary: Homes in Belfair-Tahuya had an average of 28 days on market in May 2024, down by 0.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belfair-Tahuya are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Belfair-Tahuya; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% 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.