$800,000
7.08 Acres
Land
Sean Ryan, Listing Office: NextHome Northwest Living
Is Lummi Reservation, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lummi Reservation was a Seller's Market.
Key Takeaway
Lummi Reservation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lummi Reservation, WA
How much do homes in Lummi Reservation, WA cost?
Median Sold Price
$567,500
$446/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$67,500(+13.5%)
Key Takeaway
Homes in Lummi Reservation have sold for 13.5% more than they did a month ago.
Summary: The median home sold price in Lummi Reservation was $567,500 in November 2024, up 13.5% from last month, and the median price per square foot was $446.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | - | N/A |
| 2 Bedrooms | $262.5K | $375K | +42.9% |
| 3 Bedrooms | $543K | $760K | +40.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lummi Reservation housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 40%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lummi Reservation, WA
How many homes are available in Lummi Reservation, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Lummi Reservation real estate market had 20 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lummi Reservation housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 2 | -71.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lummi Reservation, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Lummi Reservation in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Lummi Reservation, WA
How long does it take to sell a home in Lummi Reservation, WA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 43 Days | -25.7% |
Summary: Homes in Lummi Reservation had an average of 43 days on market in Nov 2024, down by 25.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lummi Reservation are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Lummi Reservation; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.