Is Delridge, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delridge is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Delridge, WA

How much do homes in Delridge, WA cost?

Median Sold Price

$683,420

$472/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$39,420(+6.1%)

Key Takeaway

Homes in Delridge have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Delridge was $683,420 in October 2024, up 6.1% from last year, and the median price per square foot was $472.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $349.4K$385K
+10.2%
2 $585K$582.5K
-0.4%
3 $689K$720K
+4.5%
4 $800.4K$861K
+7.6%
5+ $887K$850K
-4.2%

Summary: Delridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Neighborhoods

Riverview
+13.4%
Homecroft
+11.4%
Delridge
+6.1%
High Point
-3.8%

Housing Supply in Delridge, WA

How many homes are available in Delridge, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
147171+16.3%

Summary: The Delridge real estate market had 171 homes for sale in October 2024, a 16.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 5768
+19.3%
3 5255
+5.8%
4 2229
+31.8%
5+ 1112
+9.1%

Summary: The Delridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3038+26.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Delridge, expect to pay close to the asking price. 44.7% of homes here sold near the asking price last month.

Summary: A total of 38 homes were sold or pending in Delridge in October 2024, up by 26.7% month-over-month. Of the 38 sold homes, 29% were sold under asking, 45% were sold at asking, and 26% were sold over asking.

Days on Market for Delridge, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days30 Days+36.0%

Summary: Homes in Delridge had an average of 30 days on market in Oct 2024, up by 36% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 38 homes were sold in Delridge; 63% of homes were sold within 30 days, 26% 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 14 Days Ago

Newest Listings in Delridge, WA

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