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 September 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

$800,000

$461/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$100,010(+14.3%)

Key Takeaway

Homes in North City have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in North City was $800,000 in September 2024, up 14.3% from last year, and the median price per square foot was $461.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $305K$320K
+4.9%
2 $587.4K$425K
-27.7%
3 $695.9K$800K
+14.9%
4 $784.9K$860K
+9.6%
5+ $911.9K$1.1M
+30.9%

Summary: North City housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 27.7%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 30.9%.

Housing Supply in North City, WA

How many homes are available in North City, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3135+12.9%

Summary: The North City real estate market had 35 homes for sale in September 2024, a 12.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 89
+12.5%
3 98
-11.1%
4 912
+33.3%
5+ 44
0.0%

Summary: The North City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North City, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in North City in September 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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

Sep 2023Sep 2024CHANGE
3 Days25 Days+605.2%

Summary: Homes in North City had an average of 25 days on market in Sep 2024, up by 605.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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 September 2024, 7 homes were sold in North City; 57% of homes were sold within 30 days, 43% 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 17 Days Ago

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