$2,664,900
4,213 SqFt
6 Beds
•2 Full Baths, 1 Partial
Autumn Moses, Listing Office: Tri Pointe Homes Real Estate
Is Newcastle, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Newcastle has remained a Seller's Market.
Key Takeaway
Newcastle is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newcastle, WA
How much do homes in Newcastle, WA cost?
Median Sold Price
$1,635,975
$548/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$419,725(+34.5%)
Key Takeaway
Homes in Newcastle have sold for 34.5% more than they did a year ago.
Summary: The median home sold price in Newcastle was $1,635,975 in October 2024, up 34.5% from last year, and the median price per square foot was $548.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | $380K | -1.3% |
| 2 Bedrooms | $519K | $560K | +7.9% |
| 3 Bedrooms | $1.1M | $1.1M | +4.5% |
| 4 Bedrooms | $1.4M | $1.6M | +18.5% |
| 5+ Bedrooms | $2.1M | $2.0M | -4.4% |
Summary: Newcastle housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $1.2M | $1.6M | +34.5% |
| Seattle East | $1.1M | $1.2M | +17.9% |
| Bellevue | $1.3M | $1.5M | +14.0% |
| Renton | $717.3K | $745.3K | +3.9% |
Housing Supply in Newcastle, WA
How many homes are available in Newcastle, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 49 | -18.3% |
Summary: The Newcastle real estate market had 49 homes for sale in October 2024, a 18.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 18 | 12 | -33.3% |
| 5+ Bedrooms | 23 | 18 | -21.7% |
Summary: The Newcastle 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 increased by 40%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 21.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newcastle, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Newcastle in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 55% were sold at asking, and 18% were sold over asking.
Days on Market for Newcastle, WA
How long does it take to sell a home in Newcastle, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 29 Days | +8.5% |
Summary: Homes in Newcastle had an average of 29 days on market in Oct 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Newcastle are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Newcastle; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.