Is Granite Falls, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granite Falls is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Granite Falls was a Seller's Market.

Key Takeaway

Granite Falls 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 Granite Falls, WA

How much do homes in Granite Falls, WA cost?

Median Sold Price

$526,500

$366/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,525(+1.6%)

Key Takeaway

Homes in Granite Falls have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Granite Falls was $526,500 in November 2024, up 1.6% from last year, and the median price per square foot was $366.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $336K$314.5K
-6.4%
2 $431.5K$425K
-1.5%
3 $509K$522K
+2.6%
4 $560K$627.5K
+12.1%
5+ $632.5K$701.5K
+10.9%

Summary: Granite Falls housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 10.9%.

Housing Supply in Granite Falls, WA

How many homes are available in Granite Falls, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5146-9.8%

Summary: The Granite Falls real estate market had 46 homes for sale in November 2024, a 9.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 79
+28.6%
3 2721
-22.2%
4 67
+16.7%
5+ 87
-12.5%

Summary: The Granite Falls housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer57%43%

Key Takeaway

If you're buying a home in Granite Falls, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Granite Falls in November 2024, down by 53.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 43% were sold at asking, and 57% were sold over asking.

Days on Market for Granite Falls, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days25 Days-41.5%

Summary: Homes in Granite Falls had an average of 25 days on market in Nov 2024, down by 41.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times71%29%

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Granite Falls; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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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