Is Fauntleroy, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fauntleroy is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Fauntleroy, WA

How much do homes in Fauntleroy, WA cost?

Median Sold Price

$948,500

$572/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$66,500(+7.5%)

Key Takeaway

Homes in Fauntleroy have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Fauntleroy was $948,500 in November 2024, up 7.5% from last year, and the median price per square foot was $572.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $1.0M$560K
-44.0%
2 $735K$711.9K
-3.1%
3 $852.5K$876K
+2.8%
4 $1.4M$1.2M
-11.1%
5+ $1.9M$1.7M
-11.6%

Summary: Fauntleroy housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 11.6%.

Housing Supply in Fauntleroy, WA

How many homes are available in Fauntleroy, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2826-7.1%

Summary: The Fauntleroy real estate market had 26 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 57
+40.0%
3 1311
-15.4%
4 65
-16.7%
5+ 10
-100.0%

Summary: The Fauntleroy 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 increased by 40%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fauntleroy, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Fauntleroy in November 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.

Days on Market for Fauntleroy, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
40 Days62 Days+54.4%

Summary: Homes in Fauntleroy had an average of 62 days on market in Nov 2024, up by 54.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 9 homes were sold in Fauntleroy; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% 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 17 Days Ago

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