Is Briarcliff, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briarcliff is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Briarcliff, WA

How much do homes in Briarcliff, WA cost?

Median Sold Price

$1,557,000

$614/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$49,000(-3.1%)

Key Takeaway

Homes in Briarcliff have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Briarcliff was $1,557,000 in November 2024, down 3.1% from last year, and the median price per square foot was $614.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $1.0M$1.0M
-2.2%
3 $1.4M$1.2M
-11.8%
4 $2.0M$1.7M
-16.7%
5+ $2.3M$2.3M
-1.0%

Summary: Briarcliff housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Neighborhoods

Briarcliff
-3.1%
Carleton Park
-19.0%

Housing Supply in Briarcliff, WA

How many homes are available in Briarcliff, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2313-43.5%

Summary: The Briarcliff real estate market had 13 homes for sale in November 2024, a 43.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 85
-37.5%
4 106
-40.0%
5+ 52
-60.0%

Summary: The Briarcliff 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 remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briarcliff, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Briarcliff in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for Briarcliff, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days8 Days-72.8%

Summary: Homes in Briarcliff had an average of 8 days on market in Nov 2024, down by 72.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Briarcliff; 100% of homes were sold within 30 days, 0% 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 21 Days Ago

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