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 December 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

$945,000

$467/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$77,000(+8.9%)

Key Takeaway

Homes in Damson / Logan have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Damson / Logan was $945,000 in December 2024, up 8.9% from last year, and the median price per square foot was $467.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $483K$492.5K
+2.0%
3 $740K$848.5K
+14.7%
4 $876.5K$1.0M
+19.2%
5+ $1.1M$1.3M
+18.5%

Summary: Damson / Logan 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 2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 18.5%.

Housing Supply in Damson / Logan, WA

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1810-44.4%

Summary: The Damson / Logan real estate market had 10 homes for sale in December 2024, a 44.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 54
-20.0%
4 84
-50.0%
5+ 51
-80.0%

Summary: The Damson / Logan 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 80%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 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. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Damson / Logan in December 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
13 Days26 Days+95.0%

Summary: Homes in Damson / Logan had an average of 26 days on market in Dec 2024, up by 95% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 December 2024, 4 homes were sold in Damson / Logan; 75% of homes were sold within 30 days, 25% 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 2 Days Ago

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