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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hoquiam is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Hoquiam is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hoquiam, WA

How much do homes in Hoquiam, WA cost?

Median Sold Price

$260,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,500(+4.6%)

Key Takeaway

Homes in Hoquiam have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in Hoquiam was $260,000 in October 2024, up 4.6% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$137K
+71.3%
2 $220K$231K
+5.0%
3 $251.5K$270K
+7.4%
4 $235K$277.5K
+18.1%
5+ $288.5K$349.9K
+21.3%

Summary: Hoquiam housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Cities

Hoquiam
+4.6%
Aberdeen-Hoquiam
+3.3%
Aberdeen
0.5%

Housing Supply in Hoquiam, WA

How many homes are available in Hoquiam, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8183+2.5%

Summary: The Hoquiam real estate market had 83 homes for sale in October 2024, a 2.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1715
-11.8%
3 3943
+10.3%
4 1817
-5.6%
5+ 34
+33.3%

Summary: The Hoquiam 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 decreased by 11.8%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
145-64.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hoquiam, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Hoquiam in October 2024, down by 64.3% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Hoquiam, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days58 Days+7.3%

Summary: Homes in Hoquiam had an average of 58 days on market in Oct 2024, up by 7.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Hoquiam; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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 16 Days Ago

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