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 December 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

$2,102,500

$631/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$352,500(+20.1%)

Key Takeaway

Homes in Cougar Mountain / Lakemont have sold for 20.1% more than they did a year ago.

Summary: The median home sold price in Cougar Mountain / Lakemont was $2,102,500 in December 2024, up 20.1% from last year, and the median price per square foot was $631.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $485K-
N/A
2 $715K$742.5K
+3.8%
3 $1.3M$1.4M
+9.2%
4 $1.8M$2.1M
+15.3%
5+ $2.2M$2.4M
+8.4%

Summary: Cougar Mountain / Lakemont housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 8.4%.

Housing Supply in Cougar Mountain / Lakemont, WA

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3321-36.4%

Summary: The Cougar Mountain / Lakemont real estate market had 21 homes for sale in December 2024, a 36.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 95
-44.4%
4 117
-36.4%
5+ 107
-30.0%

Summary: The Cougar Mountain / Lakemont 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 decreased by 33.3%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 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. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Cougar Mountain / Lakemont in December 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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

Dec 2023Dec 2024CHANGE
63 Days50 Days-20.1%

Summary: Homes in Cougar Mountain / Lakemont had an average of 50 days on market in Dec 2024, down by 20.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 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 December 2024, 10 homes were sold in Cougar Mountain / Lakemont; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 4 Days Ago

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