Is Lake Morton / Berrydale, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Morton / Berrydale is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Lake Morton / Berrydale has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lake Morton / Berrydale, WA

How much do homes in Lake Morton / Berrydale, WA cost?

Median Sold Price

$700,000

$337/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since December 2023.

Key Takeaway

The sold price of homes in Lake Morton / Berrydale has remained the same since last year.

Summary: The median home sold price in Lake Morton / Berrydale was $700,000 in December 2024, the same as last year, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$355.5K
N/A
2 $630K$549.9K
-12.7%
3 $644K$674.7K
+4.8%
4 $738.7K$845K
+14.4%
5+ $975K$682.5K
-30.0%

Summary: Lake Morton / Berrydale housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes decreased by 30%.

Housing Supply in Lake Morton / Berrydale, WA

How many homes are available in Lake Morton / Berrydale, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3023-23.3%

Summary: The Lake Morton / Berrydale real estate market had 23 homes for sale in December 2024, a 23.3% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1613
-18.8%
4 118
-27.3%
5+ 21
-50.0%

Summary: The Lake Morton / Berrydale housing inventory by bedroom type for December 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 18.8%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 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 Morton / Berrydale, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Lake Morton / Berrydale in December 2024, up by 11.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Lake Morton / Berrydale, WA

How long does it take to sell a home in Lake Morton / Berrydale, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
42 Days34 Days-19.8%

Summary: Homes in Lake Morton / Berrydale had an average of 34 days on market in Dec 2024, down by 19.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 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 Morton / Berrydale are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 10 homes were sold in Lake Morton / Berrydale; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 6 Days Ago

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