$10,000 Closing Credit*
$1,150,000
1,250 SqFt
2 Beds
•2 Full Baths
Audrey Manzanares, Listing Office: Windermere Real Estate Midtown
Is First Hill, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, First Hill was a Seller's Market.
Key Takeaway
First Hill 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 First Hill, WA
How much do homes in First Hill, WA cost?
Median Sold Price
$510,000
$722/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,000(+15.9%)
Key Takeaway
Homes in First Hill have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in First Hill was $510,000 in October 2024, up 15.9% from last year, and the median price per square foot was $722.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $371.5K | $435K | +17.1% |
| 2 Bedrooms | $662.5K | $750K | +13.2% |
| 3 Bedrooms | $1.0M | $1.9M | +82.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: First Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 82.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in First Hill, WA
How many homes are available in First Hill, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 82 | +49.1% |
Summary: The First Hill real estate market had 82 homes for sale in October 2024, a 49.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 46 | +70.4% |
| 2 Bedrooms | 22 | 30 | +36.4% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The First Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 70.4%, 2 bedroom homes increased by 36.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 13 | +1200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in First Hill, expect to pay close to the asking price. 61.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in First Hill in October 2024, up by 1200.0% month-over-month. Of the 13 sold homes, 38% were sold under asking, 62% were sold at asking, and 0% were sold over asking.
Days on Market for First Hill, WA
How long does it take to sell a home in First Hill, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 25 Days | -14.0% |
Summary: Homes in First Hill had an average of 25 days on market in Oct 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in First Hill are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in First Hill; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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.