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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canterwood is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Canterwood, WA

How much do homes in Canterwood, WA cost?

Median Sold Price

$1,475,000

$404/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$135,000(+10.1%)

Key Takeaway

Homes in Canterwood have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Canterwood was $1,475,000 in August 2024, up 10.1% from last year, and the median price per square foot was $404.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $725K$855K
+17.9%
3 $1.3M$1.3M
+2.7%
4 $1.3M$1.4M
+9.3%
5+ $1.8M$1.8M
+3.0%

Summary: Canterwood housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 3%.

Housing Supply in Canterwood, WA

How many homes are available in Canterwood, WA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1917-10.5%

Summary: The Canterwood real estate market had 17 homes for sale in August 2024, a 10.5% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 43
-25.0%
4 1012
+20.0%
5+ 42
-50.0%

Summary: The Canterwood housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canterwood, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Canterwood in August 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Canterwood, WA

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

Average Sale Time

Aug 2023Aug 2024CHANGE
18 Days22 Days+22.7%

Summary: Homes in Canterwood had an average of 22 days on market in Aug 2024, up by 22.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Canterwood has remained consistent over time.

Summary: During August 2024, 5 homes were sold in Canterwood; 40% of homes were sold within 30 days, 60% 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 17 Days Ago

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