Is Education Hill, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Education Hill is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Education Hill, WA

How much do homes in Education Hill, WA cost?

Median Sold Price

$1,300,000

$653/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$100,000(+8.3%)

Key Takeaway

Homes in Education Hill have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Education Hill was $1,300,000 in December 2024, up 8.3% from last year, and the median price per square foot was $653.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $360K$347.5K
-3.5%
2 $588K$684.9K
+16.5%
3 $1.1M$1.2M
+11.4%
4 $1.4M$1.4M
+3.4%
5+ $1.8M$1.6M
-14.1%

Summary: Education Hill housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 14.1%.

Housing Supply in Education Hill, WA

How many homes are available in Education Hill, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1913-31.6%

Summary: The Education Hill real estate market had 13 homes for sale in December 2024, a 31.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 65
-16.7%
4 53
-40.0%
5+ 32
-33.3%

Summary: The Education Hill housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Education Hill, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Education Hill in December 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Education Hill, WA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
14 Days12 Days-11.9%

Summary: Homes in Education Hill had an average of 12 days on market in Dec 2024, down by 11.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 7 homes were sold in Education Hill; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

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