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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Delridge is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Delridge was a Seller's Market.

Key Takeaway

Delridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Delridge, WA

How much do homes in Delridge, WA cost?

Median Sold Price

$684,800

$470/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$49,073(+7.7%)

Key Takeaway

Homes in Delridge have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Delridge was $684,800 in November 2024, up 7.7% from last year, and the median price per square foot was $470.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $349.4K$382.5K
+9.5%
2 $590K$575K
-2.5%
3 $682.5K$720K
+5.5%
4 $801K$852.5K
+6.4%
5+ $887K$850K
-4.2%

Summary: Delridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Neighborhoods

Riverview
+17.8%
Homecroft
+12.9%
Delridge
+7.7%
High Point
+2.7%

Housing Supply in Delridge, WA

How many homes are available in Delridge, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
157142-9.6%

Summary: The Delridge real estate market had 142 homes for sale in November 2024, a 9.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 75
-28.6%
2 5952
-11.9%
3 5348
-9.4%
4 2827
-3.6%
5+ 1010
0.0%

Summary: The Delridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3822-42.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer36%32%32%

Key Takeaway

If you're buying a home in Delridge, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Summary: A total of 22 homes were sold or pending in Delridge in November 2024, down by 42.1% month-over-month. Of the 22 sold homes, 32% were sold under asking, 36% were sold at asking, and 32% 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

Nov 2023Nov 2024CHANGE
12 Days28 Days+123.3%

Summary: Homes in Delridge had an average of 28 days on market in Nov 2024, up by 123.3% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times59%36%

Key Takeaway

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

Summary: During November 2024, 22 homes were sold in Delridge; 59% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 5% 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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