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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North, WA

How much do homes in North, WA cost?

Median Sold Price

$833,670

$501/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$65,448(+8.5%)

Key Takeaway

Homes in North have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in North was $833,670 in November 2024, up 8.5% from last year, and the median price per square foot was $501.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $308.5K$335.5K
+8.8%
2 $616K$650K
+5.5%
3 $775K$857.6K
+10.7%
4 $1.0M$1.0M
+5.5%
5+ $1.0M$1.1M
+9.7%

Summary: North housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 9.7%.

Housing Supply in North, WA

How many homes are available in North, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
196163-16.8%

Summary: The North real estate market had 163 homes for sale in November 2024, a 16.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 149
-35.7%
2 5346
-13.2%
3 5548
-12.7%
4 4839
-18.8%
5+ 2621
-19.2%

Summary: The North housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 35.7%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 19.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5843-25.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North, you could pay more than the asking price. 37.2% of homes here sold above asking price last month.

Summary: A total of 43 homes were sold or pending in North in November 2024, down by 25.9% month-over-month. Of the 43 sold homes, 33% were sold under asking, 30% were sold at asking, and 37% were sold over asking.

Days on Market for North, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days23 Days-30.7%

Summary: Homes in North had an average of 23 days on market in Nov 2024, down by 30.7% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 43 homes were sold in North; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% 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 17 Days Ago

Newest Listings in North, WA

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