Is Cougar Mountain / Lakemont, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cougar Mountain / Lakemont is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Cougar Mountain / Lakemont has remained a Seller's Market.

Key Takeaway

Cougar Mountain / Lakemont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cougar Mountain / Lakemont, WA

How much do homes in Cougar Mountain / Lakemont, WA cost?

Median Sold Price

$2,105,000

$627/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$362,000(+20.8%)

Key Takeaway

Homes in Cougar Mountain / Lakemont have sold for 20.8% more than they did a year ago.

Summary: The median home sold price in Cougar Mountain / Lakemont was $2,105,000 in October 2024, up 20.8% from last year, and the median price per square foot was $627.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $485K-
N/A
2 $761.2K$760K
-0.2%
3 $1.3M$1.5M
+19.7%
4 $1.8M$2.1M
+16.4%
5+ $2.3M$2.4M
+4.2%

Summary: Cougar Mountain / Lakemont 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 decreased by 0.2%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 4.2%.

Housing Supply in Cougar Mountain / Lakemont, WA

How many homes are available in Cougar Mountain / Lakemont, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3139+25.8%

Summary: The Cougar Mountain / Lakemont real estate market had 39 homes for sale in October 2024, a 25.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 57
+40.0%
4 1013
+30.0%
5+ 1214
+16.7%

Summary: The Cougar Mountain / Lakemont 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 increased by 25%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
610+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cougar Mountain / Lakemont, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Cougar Mountain / Lakemont in October 2024, up by 66.7% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Cougar Mountain / Lakemont, WA

How long does it take to sell a home in Cougar Mountain / Lakemont, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days20 Days-32.7%

Summary: Homes in Cougar Mountain / Lakemont had an average of 20 days on market in Oct 2024, down by 32.7% compared to last year.

Breakdown of Home Sale Times

8 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 Times

Key Takeaway

Many homes in Cougar Mountain / Lakemont are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 10 homes were sold in Cougar Mountain / Lakemont; 80% of homes were sold within 30 days, 20% 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 22 Days Ago

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