$8,906 Closing Credit*
$749,950
930 SqFt
2 Beds
•2 Full Baths
John Doan, Listing Office: HomeSmart Real Estate Assoc
Is Gatewood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Gatewood has remained a Seller's Market.
Key Takeaway
Gatewood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gatewood, WA
How much do homes in Gatewood, WA cost?
Median Sold Price
$916,000
$513/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$128,750(+16.4%)
Key Takeaway
Homes in Gatewood have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Gatewood was $916,000 in October 2024, up 16.4% from last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324.5K | $345.8K | +6.6% |
| 2 Bedrooms | $625K | $720K | +15.2% |
| 3 Bedrooms | $799.5K | $943.7K | +18.0% |
| 4 Bedrooms | $929K | $1.2M | +31.9% |
| 5+ Bedrooms | $1.2M | $1.6M | +26.7% |
Summary: Gatewood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes increased by 26.7%.
Housing Supply in Gatewood, WA
How many homes are available in Gatewood, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Summary: The Gatewood real estate market had 28 homes for sale in October 2024, a 3.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Gatewood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 13 | +116.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gatewood, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Gatewood in October 2024, up by 116.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Gatewood, WA
How long does it take to sell a home in Gatewood, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 38 Days | +244.3% |
Summary: Homes in Gatewood had an average of 38 days on market in Oct 2024, up by 244.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gatewood are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Gatewood; 69% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% 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.