$6,531 Closing Credit*
$550,000
1,127 SqFt
2 Beds
•1 Full Bath, 1 Partial
Isabelle Roy Dowling, Listing Office: Windermere Real Estate Co.
Is Gilman Park, 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, Gilman Park has remained a Seller's Market.
Key Takeaway
Gilman Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gilman Park, WA
How much do homes in Gilman Park, WA cost?
Median Sold Price
$800,000
$610/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Gilman Park has remained the same since last year.
Summary: The median home sold price in Gilman Park was $800,000 in October 2024, the same as last year, and the median price per square foot was $610.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $450K | -0.6% |
| 2 Bedrooms | $715K | $734.2K | +2.7% |
| 3 Bedrooms | $931.7K | $899K | -3.5% |
| 4 Bedrooms | $1.0M | $1.3M | +23.0% |
| 5+ Bedrooms | $1.4M | $1.4M | +4.5% |
Summary: Gilman Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 23%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
| West Woodland | $799.9K | $850K | +6.3% |
| Gilman Park | $800K | $800K | 0.0% |
| Adams | $799.9K | $800K | 0.0% |
| Salmon Bay Park | $956.9K | $900K | -5.9% |
Housing Supply in Gilman Park, WA
How many homes are available in Gilman Park, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 68 | 92 | +35.3% |
Summary: The Gilman Park real estate market had 92 homes for sale in October 2024, a 35.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 20 | +42.9% |
| 2 Bedrooms | 19 | 25 | +31.6% |
| 3 Bedrooms | 25 | 37 | +48.0% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Gilman Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 48%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 21 | +75.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilman Park, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Gilman Park in October 2024, up by 75.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for Gilman Park, WA
How long does it take to sell a home in Gilman Park, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 31 Days | -13.9% |
Summary: Homes in Gilman Park had an average of 31 days on market in Oct 2024, down by 13.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gilman Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Gilman Park; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% 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.