Is Navy Yard City, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Navy Yard City is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Navy Yard City was a Seller's Market.

Key Takeaway

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

Housing Prices in Navy Yard City, WA

How much do homes in Navy Yard City, WA cost?

Median Sold Price

$350,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,750(+5.7%)

Key Takeaway

Homes in Navy Yard City have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Navy Yard City was $350,000 in October 2024, up 5.7% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.4K-
N/A
2 $303.8K$299.4K
-1.4%
3 $365K$405K
+11.0%
4 $375K$435K
+16.0%
5+ $450K$635K
+41.1%

Summary: Navy Yard City 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 decreased by 1.4%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 41.1%.

Housing Supply in Navy Yard City, WA

How many homes are available in Navy Yard City, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1917-10.5%

Summary: The Navy Yard City real estate market had 17 homes for sale in October 2024, a 10.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 55
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Navy Yard 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

2 Homes Were 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 Navy Yard City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Navy Yard City in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Navy Yard City, WA

How long does it take to sell a home in Navy Yard City, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days79 Days+272.7%

Summary: Homes in Navy Yard City had an average of 79 days on market in Oct 2024, up by 272.7% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Navy Yard City has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Navy Yard City; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 15 Days Ago

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