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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fremont is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Fremont, WA

How much do homes in Fremont, WA cost?

Median Sold Price

$836,750

$638/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$56,750(+7.3%)

Key Takeaway

Homes in Fremont have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Fremont was $836,750 in October 2024, up 7.3% from last year, and the median price per square foot was $638.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $399K$410K
+2.8%
2 $710K$747.5K
+5.3%
3 $982.5K$945K
-3.8%
4 $1.2M$1.3M
+2.8%
5+ $1.2M$1.3M
+3.6%

Summary: Fremont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 3.6%.

Housing Supply in Fremont, WA

How many homes are available in Fremont, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5470+29.6%

Summary: The Fremont real estate market had 70 homes for sale in October 2024, a 29.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 2730
+11.1%
3 1526
+73.3%
4 26
+200.0%
5+ 21
-50.0%

Summary: The Fremont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 73.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1619+18.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fremont, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Fremont in October 2024, up by 18.8% month-over-month. Of the 19 sold homes, 37% were sold under asking, 37% were sold at asking, and 26% were sold over asking.

Days on Market for Fremont, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days36 Days-19.7%

Summary: Homes in Fremont had an average of 36 days on market in Oct 2024, down by 19.7% compared to last year.

Breakdown of Home Sale Times

12 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 Fremont are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in Fremont; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% 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 22 Days Ago

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