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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norkirk is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Norkirk was a Seller's Market.

Key Takeaway

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

Housing Prices in Norkirk, WA

How much do homes in Norkirk, WA cost?

Median Sold Price

$2,440,000

$946/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$352,500(+16.9%)

Key Takeaway

Homes in Norkirk have sold for 16.9% more than they did a year ago.

Summary: The median home sold price in Norkirk was $2,440,000 in September 2024, up 16.9% from last year, and the median price per square foot was $946.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $1.2M-
N/A
2 $1.3M$1.2M
-9.1%
3 $1.5M$1.6M
+10.9%
4 $2.0M$2.7M
+38.7%
5+ $3.2M$3.5M
+10.4%

Summary: Norkirk housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 38.7%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Neighborhoods

Moss Bay
+29.4%
Norkirk
+16.9%
Market
+10.5%

Housing Supply in Norkirk, WA

How many homes are available in Norkirk, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
25250.0%

Summary: The Norkirk real estate market had 25 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 95
-44.4%
4 810
+25.0%
5+ 67
+16.7%

Summary: The Norkirk housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
113-72.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 3 homes were sold or pending in Norkirk in September 2024, down by 72.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Norkirk, WA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
26 Days23 Days-11.5%

Summary: Homes in Norkirk had an average of 23 days on market in Sep 2024, down by 11.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 3 homes were sold in Norkirk; 67% of homes were sold within 30 days, 33% 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 30 Days Ago

Newest Listings in Norkirk, WA

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