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 seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in North Delridge, WA

How much do homes in North Delridge, WA cost?

Median Sold Price

$689,000

$521/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$29,000(+4.4%)

Key Takeaway

Homes in North Delridge have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in North Delridge was $689,000 in August 2024, up 4.4% from last year, and the median price per square foot was $521.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $337.9K$345K
+2.1%
2 $599.4K$522.5K
-12.8%
3 $770K$745K
-3.2%
4 $867K$1.0M
+17.3%
5+ $880K-
N/A

Summary: North Delridge housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Homecroft
+12.9%
Fairmount Park
+5.9%
North Delridge
+4.4%
Cottage Grove
-5.7%

Housing Supply in North Delridge, WA

How many homes are available in North Delridge, WA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2426+8.3%

Summary: The North Delridge real estate market had 26 homes for sale in August 2024, a 8.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 99
0.0%
3 1114
+27.3%
4 21
-50.0%
5+ 11
0.0%

Summary: The North Delridge housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in North Delridge in August 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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

Aug 2023Aug 2024CHANGE
11 Days22 Days+88.9%

Summary: Homes in North Delridge had an average of 22 days on market in Aug 2024, up by 88.9% 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 Delridge are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 7 homes were sold in North Delridge; 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 27 Days Ago

Newest Listings in North Delridge, WA

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