Is Birch Bay Village, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Birch Bay Village is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Birch Bay Village was a Seller's Market.

Key Takeaway

Birch Bay Village is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Birch Bay Village, WA

How much do homes in Birch Bay Village, WA cost?

Median Sold Price

$640,000

$362/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$37,500(+6.2%)

Key Takeaway

Homes in Birch Bay Village have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Birch Bay Village was $640,000 in December 2024, up 6.2% from last year, and the median price per square foot was $362.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $325K$621.2K
+91.2%
3 $606K$629.9K
+3.9%
4 $684K$1.2M
+75.4%
5+ -$1.1M
N/A

Summary: Birch Bay Village housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 91.2%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 75.4%, and 5+ bedroom homes did not change.

Housing Supply in Birch Bay Village, WA

How many homes are available in Birch Bay Village, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1914-26.3%

Summary: The Birch Bay Village real estate market had 14 homes for sale in December 2024, a 26.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 137
-46.2%
4 11
0.0%
5+ 22
0.0%

Summary: The Birch Bay Village housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 46.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Birch Bay Village, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Birch Bay Village in December 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Birch Bay Village, WA

How long does it take to sell a home in Birch Bay Village, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
54 Days21 Days-61.1%

Summary: Homes in Birch Bay Village had an average of 21 days on market in Dec 2024, down by 61.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Birch Bay Village are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Birch Bay Village; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

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