$1,299,000
0.13 Acres
Land
Christy Lee Naumann, Listing Office: Real Estate by You, LLC
Is Lake Hills, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lake Hills has remained a Seller's Market.
Key Takeaway
Lake Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Hills, WA
How much do homes in Lake Hills, WA cost?
Median Sold Price
$1,360,000
$673/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$164,000(+13.7%)
Key Takeaway
Homes in Lake Hills have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Lake Hills was $1,360,000 in November 2024, up 13.7% from last year, and the median price per square foot was $673.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $372K | $351K | -5.6% |
| 2 Bedrooms | $703.5K | $615K | -12.6% |
| 3 Bedrooms | $1.1M | $1.2M | +9.8% |
| 4 Bedrooms | $1.2M | $1.4M | +16.0% |
| 5+ Bedrooms | $2.5M | $1.7M | -30.1% |
Summary: Lake Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 12.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 30.1%.
Housing Supply in Lake Hills, WA
How many homes are available in Lake Hills, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 23 | -34.3% |
Summary: The Lake Hills real estate market had 23 homes for sale in November 2024, a 34.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 13 | 5 | -61.5% |
| 5+ Bedrooms | 15 | 9 | -40.0% |
Summary: The Lake Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 61.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 8 | -38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Hills, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lake Hills in November 2024, down by 38.5% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Lake Hills, WA
How long does it take to sell a home in Lake Hills, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 57 Days | +362.6% |
Summary: Homes in Lake Hills had an average of 57 days on market in Nov 2024, up by 362.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lake Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Lake Hills; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.