$2,700,000
6,408 SqFt
Jolene Brown, Listing Office: COMPASS
Is Leschi, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Leschi has remained a Seller's Market.
Key Takeaway
Leschi is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Leschi, WA
How much do homes in Leschi, WA cost?
Median Sold Price
$1,070,000
$615/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+4.9%)
Key Takeaway
Homes in Leschi have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Leschi was $1,070,000 in October 2024, up 4.9% from last year, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405.5K | $480K | +18.4% |
| 2 Bedrooms | $778.5K | $828.5K | +6.4% |
| 3 Bedrooms | $1.0M | $1.1M | +11.4% |
| 4 Bedrooms | $1.6M | $1.4M | -15.7% |
| 5+ Bedrooms | $2.6M | $2.3M | -8.9% |
Summary: Leschi housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 15.7%, and 5+ bedroom homes decreased by 8.9%.
Housing Supply in Leschi, WA
How many homes are available in Leschi, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 32 | +52.4% |
Summary: The Leschi real estate market had 32 homes for sale in October 2024, a 52.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 7 | +250.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Leschi housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 250%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 12 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Leschi, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Leschi in October 2024, up by 300.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 42% were sold at asking, and 25% were sold over asking.
Days on Market for Leschi, WA
How long does it take to sell a home in Leschi, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -9.5% |
Summary: Homes in Leschi had an average of 33 days on market in Oct 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Leschi are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Leschi; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.