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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norkirk is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Norkirk has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Norkirk, WA

How much do homes in Norkirk, WA cost?

Median Sold Price

$2,430,000

$920/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$580,000(+31.4%)

Key Takeaway

Homes in Norkirk have sold for 31.4% more than they did a year ago.

Summary: The median home sold price in Norkirk was $2,430,000 in December 2024, up 31.4% from last year, and the median price per square foot was $920.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $1.2M-
N/A
2 $1.3M$1.3M
0.2%
3 $1.5M$1.8M
+15.5%
4 $2.3M$2.6M
+10.6%
5+ $3.2M$3.4M
+7.8%

Summary: Norkirk housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Neighborhoods

Norkirk
+31.4%
Moss Bay
+26.3%

Housing Supply in Norkirk, WA

How many homes are available in Norkirk, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2218-18.2%

Summary: The Norkirk real estate market had 18 homes for sale in December 2024, a 18.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 66
0.0%
4 96
-33.3%
5+ 32
-33.3%

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

Number of Homes Sold

Nov 2024Dec 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were 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. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Norkirk in December 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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

Dec 2023Dec 2024CHANGE
62 Days38 Days-38.5%

Summary: Homes in Norkirk had an average of 38 days on market in Dec 2024, down by 38.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 December 2024, 5 homes were sold in Norkirk; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 8 Days Ago

Newest Listings in Norkirk, WA

Nearby Markets to Norkirk, WA