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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carnation is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Carnation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Carnation, WA

How much do homes in Carnation, WA cost?

Median Sold Price

$1,087,500

$440/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$137,500(+14.5%)

Key Takeaway

Homes in Carnation have sold for 14.5% more than they did a year ago.

Summary: The median home sold price in Carnation was $1,087,500 in October 2024, up 14.5% from last year, and the median price per square foot was $440.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $435K$615K
+41.4%
3 $900K$921K
+2.3%
4 $999K$1.1M
+15.8%
5+ $1.1M$1.2M
+1.3%

Summary: Carnation housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Seattle East
+17.9%
Carnation
+14.5%
Snoqualmie Valley
+3.3%

Housing Supply in Carnation, WA

How many homes are available in Carnation, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4748+2.1%

Summary: The Carnation real estate market had 48 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 13
+200.0%
3 2020
0.0%
4 1618
+12.5%
5+ 86
-25.0%

Summary: The Carnation housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carnation, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Carnation in October 2024, down by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
46 Days44 Days-4.5%

Summary: Homes in Carnation had an average of 44 days on market in Oct 2024, down by 4.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Carnation; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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

Newest Listings in Carnation, WA

Nearby Markets to Carnation, WA

What housing markets are near Carnation, WA?