$5,878 Closing Credit*
$495,000
1,881 SqFt
4 Beds
•3 Full Baths
Jordan McAllister, Listing Office: MORE Realty
Is East Minnehaha, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Minnehaha has remained a Seller's Market.
Key Takeaway
East Minnehaha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Minnehaha, WA
How much do homes in East Minnehaha, WA cost?
Median Sold Price
$446,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,500(+5.1%)
Key Takeaway
Homes in East Minnehaha have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in East Minnehaha was $446,500 in October 2024, up 5.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.5K | - | N/A |
| 2 Bedrooms | $380K | $407.5K | +7.2% |
| 3 Bedrooms | $425K | $439K | +3.3% |
| 4 Bedrooms | $500K | $499.9K | 0% |
| 5+ Bedrooms | $530K | $573.4K | +8.2% |
Summary: East Minnehaha 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 7.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.2%.
Housing Supply in East Minnehaha, WA
How many homes are available in East Minnehaha, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Summary: The East Minnehaha real estate market had 54 homes for sale in October 2024, a 8.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 33 | 29 | -12.1% |
| 4 Bedrooms | 10 | 17 | +70.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Minnehaha housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.1%, 4 bedroom homes increased by 70%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Minnehaha, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in East Minnehaha in October 2024, down by 31.3% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for East Minnehaha, WA
How long does it take to sell a home in East Minnehaha, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 35 Days | +84.5% |
Summary: Homes in East Minnehaha had an average of 35 days on market in Oct 2024, up by 84.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Minnehaha has remained consistent over time.
Summary: During October 2024, 11 homes were sold in East Minnehaha; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.