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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalama is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Kalama has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Kalama, WA

How much do homes in Kalama, WA cost?

Median Sold Price

$495,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-2.9%)

Key Takeaway

Homes in Kalama have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Kalama was $495,000 in October 2024, down 2.9% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $560K$345K
-38.4%
2 $304K$400K
+31.6%
3 $510K$490K
-3.9%
4 $497.5K$561.5K
+12.9%
5+ $639K$900K
+40.8%

Summary: Kalama housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.4%, 2 bedroom homes increased by 31.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 40.8%.

Housing Supply in Kalama, WA

How many homes are available in Kalama, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7069-1.4%

Summary: The Kalama real estate market had 69 homes for sale in October 2024, a 1.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 24
+100.0%
2 97
-22.2%
3 3131
0.0%
4 2423
-4.2%
5+ 44
0.0%

Summary: The Kalama housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kalama, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Kalama in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for Kalama, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
17 Days40 Days+132.1%

Summary: Homes in Kalama had an average of 40 days on market in Oct 2024, up by 132.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Kalama; 50% of homes were sold within 30 days, 38% 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 16 Days Ago

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