Is Lake Kathleen / High Valley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Kathleen / High Valley is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lake Kathleen / High Valley was a Neutral Market.

Key Takeaway

Lake Kathleen / High Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lake Kathleen / High Valley, WA

How much do homes in Lake Kathleen / High Valley, WA cost?

Median Sold Price

$1,135,877

$436/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$232,927(+25.8%)

Key Takeaway

Homes in Lake Kathleen / High Valley have sold for 25.8% more than they did a year ago.

Summary: The median home sold price in Lake Kathleen / High Valley was $1,135,877 in November 2024, up 25.8% from last year, and the median price per square foot was $436.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $649K$1.0M
+61.8%
3 $750K$869K
+15.9%
4 $1.2M$1.3M
+10.4%
5+ $902.9K$1.5M
+71.7%

Summary: Lake Kathleen / High Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.8%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 71.7%.

Housing Supply in Lake Kathleen / High Valley, WA

How many homes are available in Lake Kathleen / High Valley, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2116-23.8%

Summary: The Lake Kathleen / High Valley real estate market had 16 homes for sale in November 2024, a 23.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 32
-33.3%
4 1511
-26.7%
5+ 22
0.0%

Summary: The Lake Kathleen / High Valley 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 decreased by 33.3%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Kathleen / High Valley, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Lake Kathleen / High Valley in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.

Days on Market for Lake Kathleen / High Valley, WA

How long does it take to sell a home in Lake Kathleen / High Valley, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days32 Days-25.1%

Summary: Homes in Lake Kathleen / High Valley had an average of 32 days on market in Nov 2024, down by 25.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Kathleen / High Valley are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 5 homes were sold in Lake Kathleen / High Valley; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 21 Days Ago

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