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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chinook is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Chinook has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Chinook, WA

How much do homes in Chinook, WA cost?

Median Sold Price

$483,000

$254/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$173,000(+55.8%)

Key Takeaway

Homes in Chinook have sold for 55.8% more than they did a month ago.

Summary: The median home sold price in Chinook was $483,000 in October 2024, up 55.8% from last month, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$322K
N/A
3 $310K$483K
+55.8%
4 --
N/A
5+ --
N/A

Summary: Chinook housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 55.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Chinook
+55.8%
Naselle
+55.8%
Ilwaco
-39.4%

Housing Supply in Chinook, WA

How many homes are available in Chinook, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
95-44.4%

Summary: The Chinook real estate market had 5 homes for sale in October 2024, a 44.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 42
-50.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Chinook 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 decreased by 66.7%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chinook, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Chinook in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chinook, WA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
82 Days66 Days-20.0%

Summary: Homes in Chinook had an average of 66 days on market in Oct 2024, down by 20% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 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 Chinook has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Chinook; 33% of homes were sold within 30 days, 67% 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

Newest Listings in Chinook, WA

Nearby Markets to Chinook, WA

What housing markets are near Chinook, WA?