Is Electric City, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Electric City is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Electric City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Electric City, WA

How much do homes in Electric City, WA cost?

Median Sold Price

$455,000

$143/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$220,050(+93.7%)

Key Takeaway

Homes in Electric City have sold for 93.7% more than they did a month ago.

Summary: The median home sold price in Electric City was $455,000 in November 2024, up 93.7% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $70K-
N/A
3 -$455K
N/A
4 $399.9K-
N/A
5+ --
N/A

Summary: Electric City housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Electric City, WA

How many homes are available in Electric City, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
43-25.0%

Summary: The Electric City real estate market had 3 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 10
-100.0%
5+ 01
+100.0%

Summary: The Electric City 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Electric City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Electric City in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Electric City, WA

How long does it take to sell a home in Electric City, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
13 Days334 Days+2374.1%

Summary: Homes in Electric City had an average of 334 days on market in Nov 2024, up by 2374.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Electric City are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Electric City; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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