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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Delridge is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, North Delridge was a Seller's Market.

Key Takeaway

North Delridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in North Delridge, WA

How much do homes in North Delridge, WA cost?

Median Sold Price

$700,000

$538/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,000(+7.9%)

Key Takeaway

Homes in North Delridge have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in North Delridge was $700,000 in October 2024, up 7.9% from last year, and the median price per square foot was $538.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $325K$377.5K
+16.2%
2 $599K$520K
-13.2%
3 $767.5K$768.8K
0.2%
4 $842.5K$1.2M
+48.4%
5+ $760K-
N/A

Summary: North Delridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.2%, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 48.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Fairmount Park
+14.0%
Riverview
+13.4%
Homecroft
+11.4%
North Delridge
+7.9%
Cottage Grove
-6.3%

Housing Supply in North Delridge, WA

How many homes are available in North Delridge, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2528+12.0%

Summary: The North Delridge real estate market had 28 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1214
+16.7%
3 97
-22.2%
4 13
+200.0%
5+ 23
+50.0%

Summary: The North Delridge 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 16.7%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Delridge, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Delridge in October 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for North Delridge, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days21 Days-44.5%

Summary: Homes in North Delridge had an average of 21 days on market in Oct 2024, down by 44.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in North Delridge; 50% of homes were sold within 30 days, 50% 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 20 Days Ago

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