Is Damson / Logan, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Damson / Logan is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Damson / Logan has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Damson / Logan, WA

How much do homes in Damson / Logan, WA cost?

Median Sold Price

$927,500

$458/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$87,500(+10.4%)

Key Takeaway

Homes in Damson / Logan have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Damson / Logan was $927,500 in October 2024, up 10.4% from last year, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $483K$492.5K
+2.0%
3 $749.9K$849.5K
+13.3%
4 $853K$992K
+16.3%
5+ $1.1M$1.1M
-2.9%

Summary: Damson / Logan 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 increased by 2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 2.9%.

Housing Supply in Damson / Logan, WA

How many homes are available in Damson / Logan, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2632+23.1%

Summary: The Damson / Logan real estate market had 32 homes for sale in October 2024, a 23.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 47
+75.0%
4 1317
+30.8%
5+ 98
-11.1%

Summary: The Damson / Logan 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 increased by 75%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Damson / Logan, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Damson / Logan in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.

Days on Market for Damson / Logan, WA

How long does it take to sell a home in Damson / Logan, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
11 Days38 Days+231.9%

Summary: Homes in Damson / Logan had an average of 38 days on market in Oct 2024, up by 231.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Damson / Logan are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Damson / Logan; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 14 Days Ago

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