Is Minor, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minor is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Minor was a Buyer's Market.

Key Takeaway

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

Housing Prices in Minor, WA

How much do homes in Minor, WA cost?

Median Sold Price

$859,950

$593/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,450(+5.5%)

Key Takeaway

Homes in Minor have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Minor was $859,950 in November 2024, up 5.5% from last year, and the median price per square foot was $593.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $392.5K$399.9K
+1.9%
2 $690K$683.4K
-0.9%
3 $900K$930K
+3.3%
4 $1.1M$1.2M
+11.8%
5+ $1.4M$1.5M
+6.9%

Summary: Minor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Neighborhoods

Renton Hill
+15.9%
Minor
+5.5%
Mann
-5.8%

Housing Supply in Minor, WA

How many homes are available in Minor, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
42420.0%

Summary: The Minor real estate market had 42 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 98
-11.1%
2 119
-18.2%
3 1721
+23.5%
4 54
-20.0%
5+ 00
0.0%

Summary: The Minor housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minor, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Minor in November 2024, down by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Minor, WA

How long does it take to sell a home in Minor, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days49 Days+77.1%

Summary: Homes in Minor had an average of 49 days on market in Nov 2024, up by 77.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Minor are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in Minor; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in Minor, WA

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