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 October 2023

Since last year, Minor has remained a Seller'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

$864,750

$598/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$62,750(+7.8%)

Key Takeaway

Homes in Minor have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Minor was $864,750 in October 2024, up 7.8% from last year, and the median price per square foot was $598.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $392.5K$404.9K
+3.2%
2 $698K$697K
-0.1%
3 $895.5K$950K
+6.1%
4 $1.1M$1.3M
+16.2%
5+ $1.4M$1.4M
-2.2%

Summary: Minor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Neighborhoods

Minor
+7.8%
Mann
-4.7%

Housing Supply in Minor, WA

How many homes are available in Minor, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5054+8.0%

Summary: The Minor real estate market had 54 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 912
+33.3%
2 1416
+14.3%
3 1920
+5.3%
4 64
-33.3%
5+ 22
0.0%

Summary: The Minor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were 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 12 homes were sold or pending in Minor in October 2024, up by 100.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
33 Days60 Days+78.9%

Summary: Homes in Minor had an average of 60 days on market in Oct 2024, up by 78.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Minor has remained consistent over time.

Summary: During October 2024, 12 homes were sold in Minor; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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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