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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North City is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North City, WA

How much do homes in North City, WA cost?

Median Sold Price

$775,000

$444/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$65,000(+9.2%)

Key Takeaway

Homes in North City have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in North City was $775,000 in November 2024, up 9.2% from last year, and the median price per square foot was $444.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $305K$320K
+4.9%
2 $650K$422.5K
-35.0%
3 $699.9K$787.5K
+12.5%
4 $777.5K$875K
+12.5%
5+ $1.0M$1.0M
+3.6%

Summary: North City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 35%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.6%.

Housing Supply in North City, WA

How many homes are available in North City, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3831-18.4%

Summary: The North City real estate market had 31 homes for sale in November 2024, a 18.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 85
-37.5%
3 1311
-15.4%
4 108
-20.0%
5+ 33
0.0%

Summary: The North City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
812+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North City, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in North City in November 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 42% were sold at asking, and 42% were sold over asking.

Days on Market for North City, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days47 Days+286.5%

Summary: Homes in North City had an average of 47 days on market in Nov 2024, up by 286.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in North City; 67% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% 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

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