Is Heritage, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Heritage is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Heritage was a Buyer's Market.

Key Takeaway

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

Housing Prices in Heritage, WA

How much do homes in Heritage, WA cost?

Median Sold Price

$556,950

$303/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,500(+5.6%)

Key Takeaway

Homes in Heritage have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Heritage was $556,950 in October 2024, up 5.6% from last year, and the median price per square foot was $303.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $457K$479K
+4.8%
4 $622K$640K
+2.9%
5+ $832.4K$825K
-0.9%

Summary: Heritage housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.9%.

Housing Supply in Heritage, WA

How many homes are available in Heritage, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5562+12.7%

Summary: The Heritage real estate market had 62 homes for sale in October 2024, a 12.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 3033
+10.0%
4 2124
+14.3%
5+ 45
+25.0%

Summary: The Heritage 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 remained the same, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1015+50.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Heritage, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Heritage in October 2024, up by 50.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.

Days on Market for Heritage, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days69 Days+766.7%

Summary: Homes in Heritage had an average of 69 days on market in Oct 2024, up by 766.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Heritage has remained consistent over time.

Summary: During October 2024, 15 homes were sold in Heritage; 20% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 13% 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 22 Days Ago

Newest Listings in Heritage, WA

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