Is Grass Lawn, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Grass Lawn is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Grass Lawn, WA

How much do homes in Grass Lawn, WA cost?

Median Sold Price

$1,299,950

$647/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$479,450(+58.4%)

Key Takeaway

Homes in Grass Lawn have sold for 58.4% more than they did a year ago.

Summary: The median home sold price in Grass Lawn was $1,299,950 in October 2024, up 58.4% from last year, and the median price per square foot was $647.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $327.5K$379.8K
+16.0%
2 $548.9K$596.4K
+8.6%
3 $1.0M$1.3M
+32.5%
4 $1.4M$1.5M
+10.7%
5+ $1.7M$3.0M
+72.4%

Summary: Grass Lawn housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 32.5%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 72.4%.

Housing Supply in Grass Lawn, WA

How many homes are available in Grass Lawn, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4038-5.0%

Summary: The Grass Lawn real estate market had 38 homes for sale in October 2024, a 5.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 79
+28.6%
2 1110
-9.1%
3 98
-11.1%
4 94
-55.6%
5+ 47
+75.0%

Summary: The Grass Lawn housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14140.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Grass Lawn, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Grass Lawn in October 2024, the same as the previous month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.

Days on Market for Grass Lawn, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
4 Days23 Days+409.7%

Summary: Homes in Grass Lawn had an average of 23 days on market in Oct 2024, up by 409.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Grass Lawn; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 23 Days Ago

Newest Listings in Grass Lawn, WA

Nearby Markets to Grass Lawn, WA