Is Lipoma Firs, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lipoma Firs is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Lipoma Firs was a Neutral Market.

Key Takeaway

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

Housing Prices in Lipoma Firs, WA

How much do homes in Lipoma Firs, WA cost?

Median Sold Price

$575,000

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$48,005(+9.1%)

Key Takeaway

Homes in Lipoma Firs have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Lipoma Firs was $575,000 in November 2024, up 9.1% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $410K$425K
+3.7%
3 $493.9K$515K
+4.3%
4 $522.1K$575K
+10.1%
5+ $605.9K$675K
+11.4%

Summary: Lipoma Firs 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 3.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 11.4%.

Median Sold Price Compared To Nearby Neighborhoods

Lipoma Firs
+9.1%
Sunrise
+5.4%

Housing Supply in Lipoma Firs, WA

How many homes are available in Lipoma Firs, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2422-8.3%

Summary: The Lipoma Firs real estate market had 22 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1010
0.0%
4 75
-28.6%
5+ 67
+16.7%

Summary: The Lipoma Firs 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lipoma Firs, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Lipoma Firs in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Lipoma Firs, WA

How long does it take to sell a home in Lipoma Firs, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days38 Days+152.0%

Summary: Homes in Lipoma Firs had an average of 38 days on market in Nov 2024, up by 152% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lipoma Firs are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Lipoma Firs; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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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