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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Homecroft is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Homecroft, WA

How much do homes in Homecroft, WA cost?

Median Sold Price

$790,000

$416/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$90,000(+12.9%)

Key Takeaway

Homes in Homecroft have sold for 12.9% more than they did a year ago.

Summary: The median home sold price in Homecroft was $790,000 in August 2024, up 12.9% from last year, and the median price per square foot was $416.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $410K$430K
+4.9%
2 $590K$642.5K
+8.9%
3 $662.4K$675K
+1.9%
4 $825K$924.5K
+12.1%
5+ $980K$899.5K
-8.2%

Summary: Homecroft housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 8.2%.

Median Sold Price Compared To Nearby Neighborhoods

Homecroft
+12.9%
North Delridge
+4.4%
Delridge
+3.4%
Cottage Grove
-5.7%

Housing Supply in Homecroft, WA

How many homes are available in Homecroft, WA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1614-12.5%

Summary: The Homecroft real estate market had 14 homes for sale in August 2024, a 12.5% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 33
0.0%
3 65
-16.7%
4 22
0.0%
5+ 54
-20.0%

Summary: The Homecroft housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Homecroft, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Homecroft in August 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Homecroft, WA

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

Average Sale Time

Aug 2023Aug 2024CHANGE
38 Days62 Days+64.0%

Summary: Homes in Homecroft had an average of 62 days on market in Aug 2024, up by 64% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 3 homes were sold in Homecroft; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 27 Days Ago

Newest Listings in Homecroft, WA

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