Is Cooper Point, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cooper Point is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Cooper Point, WA

How much do homes in Cooper Point, WA cost?

Median Sold Price

$525,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,000(+4.0%)

Key Takeaway

Homes in Cooper Point have sold for 4% more than they did a year ago.

Summary: The median home sold price in Cooper Point was $525,000 in December 2024, up 4% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $225K$328.6K
+46.1%
2 $360K$317.5K
-11.8%
3 $500K$515K
+3.0%
4 $549.9K$575K
+4.5%
5+ $595.8K$600K
+0.7%

Summary: Cooper Point housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.1%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 0.7%.

Housing Supply in Cooper Point, WA

How many homes are available in Cooper Point, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5650-10.7%

Summary: The Cooper Point real estate market had 50 homes for sale in December 2024, a 10.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1718
+5.9%
3 2117
-19.0%
4 1513
-13.3%
5+ 32
-33.3%

Summary: The Cooper Point housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cooper Point, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Cooper Point in December 2024, down by 18.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.

Days on Market for Cooper Point, WA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
59 Days42 Days-28.8%

Summary: Homes in Cooper Point had an average of 42 days on market in Dec 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 9 homes were sold in Cooper Point; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

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