Is Meadowdale / Beverly Acres, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meadowdale / Beverly Acres is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Meadowdale / Beverly Acres has remained a Seller's Market.

Key Takeaway

Meadowdale / Beverly Acres is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Meadowdale / Beverly Acres, WA

How much do homes in Meadowdale / Beverly Acres, WA cost?

Median Sold Price

$831,500

$458/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$131,500(+18.8%)

Key Takeaway

Homes in Meadowdale / Beverly Acres have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Meadowdale / Beverly Acres was $831,500 in October 2024, up 18.8% from last year, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $671K-
N/A
3 $644.5K$766K
+18.9%
4 $737.5K$870K
+18.0%
5+ $790.1K$1.1M
+39.2%

Summary: Meadowdale / Beverly Acres housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 39.2%.

Housing Supply in Meadowdale / Beverly Acres, WA

How many homes are available in Meadowdale / Beverly Acres, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2629+11.5%

Summary: The Meadowdale / Beverly Acres real estate market had 29 homes for sale in October 2024, a 11.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1111
0.0%
4 910
+11.1%
5+ 57
+40.0%

Summary: The Meadowdale / Beverly Acres 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meadowdale / Beverly Acres, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Meadowdale / Beverly Acres in October 2024, up by 33.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for Meadowdale / Beverly Acres, WA

How long does it take to sell a home in Meadowdale / Beverly Acres, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
2 Days15 Days+525.0%

Summary: Homes in Meadowdale / Beverly Acres had an average of 15 days on market in Oct 2024, up by 525% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meadowdale / Beverly Acres are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Meadowdale / Beverly Acres; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

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