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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kalama is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Kalama, WA

How much do homes in Kalama, WA cost?

Median Sold Price

$495,000

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$17,500(-3.4%)

Key Takeaway

Homes in Kalama have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Kalama was $495,000 in November 2024, down 3.4% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $560K$345K
-38.4%
2 $451.8K$400K
-11.5%
3 $510K$490K
-3.9%
4 $510K$570K
+11.8%
5+ $639K$900K
+40.8%

Summary: Kalama housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.4%, 2 bedroom homes decreased by 11.5%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 11.8%, 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

Oct 2024Nov 2024CHANGE
6760-10.4%

Summary: The Kalama real estate market had 60 homes for sale in November 2024, a 10.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 52
-60.0%
3 2921
-27.6%
4 2529
+16.0%
5+ 46
+50.0%

Summary: The Kalama housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Kalama in November 2024, up by 10.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
84 Days91 Days+8.0%

Summary: Homes in Kalama had an average of 91 days on market in Nov 2024, up by 8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kalama are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 11 homes were sold in Kalama; 36% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 55% 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 17 Days Ago

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