Is Malone-Porter, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Malone-Porter is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Malone-Porter was a Seller's Market.

Key Takeaway

Malone-Porter is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Malone-Porter, WA

How much do homes in Malone-Porter, WA cost?

Median Sold Price

$490,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$120,000(+32.4%)

Key Takeaway

Homes in Malone-Porter have sold for 32.4% more than they did a year ago.

Summary: The median home sold price in Malone-Porter was $490,000 in November 2024, up 32.4% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $127K-
N/A
2 $179.5K$394.9K
+120.0%
3 $490K$467.5K
-4.6%
4 $600K$495K
-17.5%
5+ -$635K
N/A

Summary: Malone-Porter 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 120%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Malone-Porter
+32.4%
Olympia West
+0.8%
Thurston South
0%

Housing Supply in Malone-Porter, WA

How many homes are available in Malone-Porter, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
86-25.0%

Summary: The Malone-Porter real estate market had 6 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 22
0.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The Malone-Porter 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 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Malone-Porter, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Malone-Porter in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Malone-Porter, WA

How long does it take to sell a home in Malone-Porter, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
69 Days109 Days+56.8%

Summary: Homes in Malone-Porter had an average of 109 days on market in Nov 2024, up by 56.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Malone-Porter are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Malone-Porter; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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