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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Rose Hill is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in North Rose Hill, WA

How much do homes in North Rose Hill, WA cost?

Median Sold Price

$1,535,000

$725/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$385,000(+33.5%)

Key Takeaway

Homes in North Rose Hill have sold for 33.5% more than they did a year ago.

Summary: The median home sold price in North Rose Hill was $1,535,000 in September 2024, up 33.5% from last year, and the median price per square foot was $725.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $352.5K$350K
-0.7%
2 $430K$477.5K
+11.0%
3 $1.1M$1.5M
+31.7%
4 $1.5M$1.8M
+19.8%
5+ $2.0M$2.8M
+35.5%

Summary: North Rose Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 31.7%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 35.5%.

Housing Supply in North Rose Hill, WA

How many homes are available in North Rose Hill, WA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4644-4.3%

Summary: The North Rose Hill real estate market had 44 homes for sale in September 2024, a 4.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 55
0.0%
3 2123
+9.5%
4 67
+16.7%
5+ 117
-36.4%

Summary: The North Rose Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 36.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
159-40.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 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 Rose Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in North Rose Hill in September 2024, down by 40.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for North Rose Hill, WA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
14 Days13 Days-7.2%

Summary: Homes in North Rose Hill had an average of 13 days on market in Sep 2024, down by 7.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in North Rose Hill; 89% of homes were sold within 30 days, 11% 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

Newest Listings in North Rose Hill, WA

Nearby Markets to North Rose Hill, WA