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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Issaquah is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Issaquah, WA

How much do homes in Issaquah, WA cost?

Median Sold Price

$1,021,108

$537/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$78,732(+8.4%)

Key Takeaway

Homes in Issaquah have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Issaquah was $1,021,108 in October 2024, up 8.4% from last year, and the median price per square foot was $537.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $380K$392.5K
+3.3%
2 $580K$600K
+3.4%
3 $943.5K$1.0M
+10.0%
4 $1.3M$1.6M
+22.6%
5+ $1.7M$2.0M
+14.4%

Summary: Issaquah housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Cities

Seattle East
+17.9%
Bellevue
+14.0%
Issaquah Plateau
+11.7%
Sammamish
+9.7%
Issaquah
+8.4%

Housing Supply in Issaquah, WA

How many homes are available in Issaquah, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
195199+2.1%

Summary: The Issaquah real estate market had 199 homes for sale in October 2024, a 2.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1818
0.0%
2 6063
+5.0%
3 5049
-2.0%
4 5047
-6.0%
5+ 1722
+29.4%

Summary: The Issaquah 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 increased by 5%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4766+40.4%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Issaquah, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Issaquah in October 2024, up by 40.4% month-over-month. Of the 66 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Issaquah, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
16 Days35 Days+119.7%

Summary: Homes in Issaquah had an average of 35 days on market in Oct 2024, up by 119.7% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 66 homes were sold in Issaquah; 56% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 12% 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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