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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Hill is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in North Hill, WA

How much do homes in North Hill, WA cost?

Median Sold Price

$325,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.6%)

Key Takeaway

Homes in North Hill have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in North Hill was $325,000 in November 2024, up 1.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $220K$235K
+6.8%
2 $280K$259.9K
-7.2%
3 $320K$329.9K
+3.1%
4 $337K$352K
+4.5%
5+ $402.2K$371K
-7.8%

Summary: North Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Neighborhoods

North Monroe
+6.5%
North Hill
+1.6%

Housing Supply in North Hill, WA

How many homes are available in North Hill, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7960-24.1%

Summary: The North Hill real estate market had 60 homes for sale in November 2024, a 24.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 1412
-14.3%
3 3725
-32.4%
4 2215
-31.8%
5+ 34
+33.3%

Summary: The North Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 32.4%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2912-58.6%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Hill, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in North Hill in November 2024, down by 58.6% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for North Hill, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days20 Days-4.0%

Summary: Homes in North Hill had an average of 20 days on market in Nov 2024, down by 4% compared to last year.

Breakdown of Home Sale Times

9 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 Hill are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in North Hill; 75% of homes were sold within 30 days, 17% 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 2 Days Ago

Newest Listings in North Hill, WA

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