Is Black Diamond, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Black Diamond is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Black Diamond has remained a Seller's Market.

Key Takeaway

Black Diamond is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Black Diamond, WA

How much do homes in Black Diamond, WA cost?

Median Sold Price

$828,414

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,414(+0.4%)

Key Takeaway

The sold price of homes in Black Diamond has remained the same since last year.

Summary: The median home sold price in Black Diamond was $828,414 in November 2024, up 0.4% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$412.5K
+44.7%
2 $694.9K$763.6K
+9.9%
3 $660K$699.9K
+6.1%
4 $882.4K$875K
-0.8%
5+ $932.5K$1.0M
+13.7%

Summary: Black Diamond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 13.7%.

Median Sold Price Compared To Nearby Cities

Maple Valley
+6.7%
Kent
+5.0%
Black Diamond
0.4%
Enumclaw Plateau
-1.2%

Housing Supply in Black Diamond, WA

How many homes are available in Black Diamond, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5545-18.2%

Summary: The Black Diamond real estate market had 45 homes for sale in November 2024, a 18.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2221
-4.5%
3 1813
-27.8%
4 95
-44.4%
5+ 66
0.0%

Summary: The Black Diamond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 10 homes were sold or pending in Black Diamond in November 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.

Days on Market for Black Diamond, WA

How long does it take to sell a home in Black Diamond, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days80 Days+46.0%

Summary: Homes in Black Diamond had an average of 80 days on market in Nov 2024, up by 46% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Black Diamond has remained consistent over time.

Summary: During November 2024, 10 homes were sold in Black Diamond; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% 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 20 Days Ago

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