$2,612,000
3,849 SqFt
4 Beds
•2 Full Baths, 1 Partial
Mike Moghaddas, Listing Office: COMPASS
Is Norkirk, 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, 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
$2,472,500
$949/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$322,500(+15.0%)
Key Takeaway
Homes in Norkirk have sold for 15% more than they did a year ago.
Summary: The median home sold price in Norkirk was $2,472,500 in October 2024, up 15% from last year, and the median price per square foot was $949.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.2M | - | N/A |
| 2 Bedrooms | $1.3M | $1.2M | -7.7% |
| 3 Bedrooms | $1.6M | $1.6M | -0.8% |
| 4 Bedrooms | $2.1M | $2.7M | +27.8% |
| 5+ Bedrooms | $3.2M | $3.4M | +8.8% |
Summary: Norkirk 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 7.7%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Moss Bay | $950K | $1.2M | +26.3% |
| Norkirk | $2.1M | $2.4M | +15.0% |
| Market | $2.5M | $2.7M | +5.7% |
Housing Supply in Norkirk, WA
How many homes are available in Norkirk, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 30 | +30.4% |
Summary: The Norkirk real estate market had 30 homes for sale in October 2024, a 30.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 8 | 13 | +62.5% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Norkirk 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Norkirk, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Norkirk in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Days | 17 Days | +1290.0% |
Summary: Homes in Norkirk had an average of 17 days on market in Oct 2024, up by 1290% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norkirk are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Norkirk; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.