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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carnation is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Carnation was a Seller's Market.

Key Takeaway

Carnation 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 Carnation, WA

How much do homes in Carnation, WA cost?

Median Sold Price

$1,080,000

$436/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$130,000(+13.7%)

Key Takeaway

Homes in Carnation have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Carnation was $1,080,000 in December 2024, up 13.7% from last year, and the median price per square foot was $436.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$450K
N/A
2 $490K$540K
+10.2%
3 $918.4K$894.5K
-2.6%
4 $1.0M$1.1M
+12.2%
5+ $1.1M$1.2M
+2.1%

Summary: Carnation 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 10.2%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 2.1%.

Median Sold Price Compared To Nearby Cities

Seattle East
+15.8%
Carnation
+13.7%
Snoqualmie Valley
+5.5%

Housing Supply in Carnation, WA

How many homes are available in Carnation, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3432-5.9%

Summary: The Carnation real estate market had 32 homes for sale in December 2024, a 5.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 21
-50.0%
2 32
-33.3%
3 1313
0.0%
4 1110
-9.1%
5+ 56
+20.0%

Summary: The Carnation housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer80%20%

Key Takeaway

If you're buying a home in Carnation, expect to pay close to the asking price. 80% of homes here sold near the asking price last month.

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

Days on Market for Carnation, WA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
46 Days39 Days-15.9%

Summary: Homes in Carnation had an average of 39 days on market in Dec 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times60%40%

Key Takeaway

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

Summary: During December 2024, 5 homes were sold in Carnation; 60% of homes were sold within 30 days, 40% 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 7 Days Ago

Newest Listings in Carnation, WA

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