Is Malaga, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Malaga was a Buyer's Market.
Housing Prices in Malaga, WA
How much do homes in Malaga, WA cost?
Median Sold Price
$613,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Malaga was $613,000 in May 2024, up 11.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $377.4K | $622.5K | +64.9% |
2 Bedrooms | $360K | $399.9K | +11.1% |
3 Bedrooms | $545K | $621.5K | +14.0% |
4 Bedrooms | $813.7K | $695K | -14.6% |
5+ Bedrooms | $599K | $640K | +6.8% |
Summary: Malaga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Malaga | $550K | $613K | +11.5% |
Wenatchee | $467.9K | $500K | +6.8% |
Northeast Kittitas | $585K | $624.9K | +6.8% |
Housing Supply in Malaga, WA
How many homes are available in Malaga, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Summary: The Malaga real estate market had 33 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 17 | 20 | +17.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Malaga housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Malaga in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Malaga, WA
How long does it take to sell a home in Malaga, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 14 Days | -5.3% |
Summary: Homes in Malaga had an average of 14 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Malaga; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.