Is Lyman-Hamilton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lyman-Hamilton is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Lyman-Hamilton was a Neutral Market.

Key Takeaway

Lyman-Hamilton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lyman-Hamilton, WA

How much do homes in Lyman-Hamilton, WA cost?

Median Sold Price

$625,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$93,750(+17.6%)

Key Takeaway

Homes in Lyman-Hamilton have sold for 17.6% more than they did a year ago.

Summary: The median home sold price in Lyman-Hamilton was $625,000 in September 2024, up 17.6% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $160K$459K
+186.9%
2 $358K$357K
-0.3%
3 $566.2K$628K
+10.9%
4 $619.5K$649.9K
+4.9%
5+ $561.2K-
N/A

Summary: Lyman-Hamilton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 186.9%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Upper Samish River
+23.6%
Lyman-Hamilton
+17.6%
Lake Cavanaugh
+12.0%

Housing Supply in Lyman-Hamilton, WA

How many homes are available in Lyman-Hamilton, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3326-21.2%

Summary: The Lyman-Hamilton real estate market had 26 homes for sale in September 2024, a 21.2% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 44
0.0%
2 32
-33.3%
3 2114
-33.3%
4 34
+33.3%
5+ 22
0.0%

Summary: The Lyman-Hamilton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lyman-Hamilton, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Lyman-Hamilton in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for Lyman-Hamilton, WA

How long does it take to sell a home in Lyman-Hamilton, WA?

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days60 Days+332.7%

Summary: Homes in Lyman-Hamilton had an average of 60 days on market in Sep 2024, up by 332.7% compared to last year.

Breakdown of Home Sale Times

2 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

Avg time on Rocket Homes in Lyman-Hamilton has remained consistent over time.

Summary: During September 2024, 7 homes were sold in Lyman-Hamilton; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 Sep 1, 2024

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