Is Mattawa-Royal City, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mattawa-Royal City is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Mattawa-Royal City was a Neutral Market.

Key Takeaway

Mattawa-Royal City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mattawa-Royal City, WA

How much do homes in Mattawa-Royal City, WA cost?

Median Sold Price

$325,000

$231/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$10,000(-3.0%)

Key Takeaway

Homes in Mattawa-Royal City have sold for 3% less than they did a month ago.

Summary: The median home sold price in Mattawa-Royal City was $325,000 in October 2024, down 3% from last month, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $310K-
N/A
3 $270K$319.2K
+18.2%
4 $659.9K$627K
-5.0%
5+ $395K-
N/A

Summary: Mattawa-Royal City housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mattawa
+73.7%
Mattawa-Royal City
-3.0%
Royal City
-5.7%

Housing Supply in Mattawa-Royal City, WA

How many homes are available in Mattawa-Royal City, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4042+5.0%

Summary: The Mattawa-Royal City real estate market had 42 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 85
-37.5%
3 2129
+38.1%
4 108
-20.0%
5+ 10
-100.0%

Summary: The Mattawa-Royal City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 38.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mattawa-Royal City, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mattawa-Royal City in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Mattawa-Royal City, WA

How long does it take to sell a home in Mattawa-Royal City, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
81 Days46 Days-42.2%

Summary: Homes in Mattawa-Royal City had an average of 46 days on market in Oct 2024, down by 42.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mattawa-Royal City are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Mattawa-Royal City; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 16 Days Ago

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