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 December 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

$1,283,750

$620/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$413,577(+47.5%)

Key Takeaway

Homes in Grass Lawn have sold for 47.5% more than they did a year ago.

Summary: The median home sold price in Grass Lawn was $1,283,750 in December 2024, up 47.5% from last year, and the median price per square foot was $620.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $330K$380K
+15.2%
2 $546.9K$599.9K
+9.7%
3 $1.0M$1.3M
+37.2%
4 $1.4M$1.5M
+10.7%
5+ $1.7M$2.9M
+71.1%

Summary: Grass Lawn housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 37.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 71.1%.

Housing Supply in Grass Lawn, WA

How many homes are available in Grass Lawn, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2617-34.6%

Summary: The Grass Lawn real estate market had 17 homes for sale in December 2024, a 34.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 64
-33.3%
2 83
-62.5%
3 77
0.0%
4 01
+100.0%
5+ 52
-60.0%

Summary: The Grass Lawn housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 62.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Grass Lawn in December 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Dec 2023Dec 2024CHANGE
18 Days20 Days+15.3%

Summary: Homes in Grass Lawn had an average of 20 days on market in Dec 2024, up by 15.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 December 2024, 4 homes were sold in Grass Lawn; 75% of homes were sold within 30 days, 25% 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 4 Days Ago

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