$5,403 Closing Credit*
$455,000
1,200 SqFt
3 Beds
•2 Full Baths
Butch Korpela, Listing Office: RE/MAX Equity Group
Is East Minnehaha, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, East Minnehaha was a Seller's Market.
Key Takeaway
East Minnehaha 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 East Minnehaha, WA
How much do homes in East Minnehaha, WA cost?
Median Sold Price
$452,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+6.5%)
Key Takeaway
Homes in East Minnehaha have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in East Minnehaha was $452,500 in November 2024, up 6.5% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.5K | - | N/A |
| 2 Bedrooms | $380K | $407.5K | +7.2% |
| 3 Bedrooms | $425K | $446.5K | +5.1% |
| 4 Bedrooms | $507.5K | $512.5K | +1.0% |
| 5+ Bedrooms | $530K | $573.4K | +8.2% |
Summary: East Minnehaha housing prices by bedroom type for November 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 5.1%, 4 bedroom homes increased by 1%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The East Minnehaha real estate market had 43 homes for sale in November 2024, a 8.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The East Minnehaha housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Minnehaha, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in East Minnehaha in November 2024, down by 36.4% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 27 Days | +61.2% |
Summary: Homes in East Minnehaha had an average of 27 days on market in Nov 2024, up by 61.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Minnehaha are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in East Minnehaha; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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.