Is Lower Queen Anne, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lower Queen Anne is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lower Queen Anne has remained a Seller's Market.

Key Takeaway

Lower Queen Anne is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lower Queen Anne, WA

How much do homes in Lower Queen Anne, WA cost?

Median Sold Price

$660,000

$647/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$73,500(+12.5%)

Key Takeaway

Homes in Lower Queen Anne have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Lower Queen Anne was $660,000 in October 2024, up 12.5% from last year, and the median price per square foot was $647.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $400.2K$391.5K
-2.2%
2 $734K$750K
+2.2%
3 $1.3M$1.4M
+7.6%
4 $1.9M$2.9M
+55.8%
5+ -$2.5M
N/A

Summary: Lower Queen Anne housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 55.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Lower Queen Anne
+12.5%
West Queen Anne
+2.3%
Queen Anne
+1.6%
East Queen Anne
-2.6%

Housing Supply in Lower Queen Anne, WA

How many homes are available in Lower Queen Anne, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5969+16.9%

Summary: The Lower Queen Anne real estate market had 69 homes for sale in October 2024, a 16.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2427
+12.5%
2 2429
+20.8%
3 910
+11.1%
4 00
0.0%
5+ 23
+50.0%

Summary: The Lower Queen Anne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lower Queen Anne, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Lower Queen Anne in October 2024, up by 200.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.

Days on Market for Lower Queen Anne, WA

How long does it take to sell a home in Lower Queen Anne, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days50 Days-10.4%

Summary: Homes in Lower Queen Anne had an average of 50 days on market in Oct 2024, down by 10.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lower Queen Anne are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Lower Queen Anne; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

Newest Listings in Lower Queen Anne, WA

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