Is East Queen Anne, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Queen Anne is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, East Queen Anne has remained a Seller's Market.

Key Takeaway

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

Housing Prices in East Queen Anne, WA

How much do homes in East Queen Anne, WA cost?

Median Sold Price

$1,029,950

$658/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$27,550(-2.6%)

Key Takeaway

Homes in East Queen Anne have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in East Queen Anne was $1,029,950 in October 2024, down 2.6% from last year, and the median price per square foot was $658.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $385K$430K
+11.7%
2 $815.5K$775K
-5.0%
3 $1.3M$1.4M
+6.7%
4 $1.6M$1.9M
+15.6%
5+ $1.7M$1.8M
+6.1%

Summary: East Queen Anne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.7%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Neighborhoods

Queen Anne
+1.6%
Lake Union
+1.1%
East Queen Anne
-2.6%

Housing Supply in East Queen Anne, WA

How many homes are available in East Queen Anne, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6162+1.6%

Summary: The East Queen Anne real estate market had 62 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1312
-7.7%
2 2023
+15.0%
3 1313
0.0%
4 108
-20.0%
5+ 56
+20.0%

Summary: The East Queen Anne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 15%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Queen Anne, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in East Queen Anne in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for East Queen Anne, WA

How long does it take to sell a home in East Queen Anne, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days55 Days-26.5%

Summary: Homes in East Queen Anne had an average of 55 days on market in Oct 2024, down by 26.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 12 homes were sold in East Queen Anne; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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