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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cathlamet is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cathlamet was a Buyer's Market.

Key Takeaway

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

Housing Prices in Cathlamet, WA

How much do homes in Cathlamet, WA cost?

Median Sold Price

$462,500

$282/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,500(+8.8%)

Key Takeaway

Homes in Cathlamet have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Cathlamet was $462,500 in October 2024, up 8.8% from last year, and the median price per square foot was $282.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $335K$255K
-23.9%
2 $425K$355K
-16.5%
3 $425K$450K
+5.9%
4 $455K$716K
+57.4%
5+ $548.5K$427.5K
-22.1%

Summary: Cathlamet housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.9%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 57.4%, and 5+ bedroom homes decreased by 22.1%.

Housing Supply in Cathlamet, WA

How many homes are available in Cathlamet, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3630-16.7%

Summary: The Cathlamet real estate market had 30 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 88
0.0%
3 1311
-15.4%
4 1310
-23.1%
5+ 10
-100.0%

Summary: The Cathlamet housing inventory by bedroom type for October 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 15.4%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

6 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 Cathlamet, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Cathlamet in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.

Days on Market for Cathlamet, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days89 Days+24.0%

Summary: Homes in Cathlamet had an average of 89 days on market in Oct 2024, up by 24% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cathlamet are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 7 homes were sold in Cathlamet; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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 16 Days Ago

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