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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Salmon Creek is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

North Salmon Creek 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 Salmon Creek, WA

How much do homes in North Salmon Creek, WA cost?

Median Sold Price

$550,750

$279/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,750(+10.2%)

Key Takeaway

Homes in North Salmon Creek have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in North Salmon Creek was $550,750 in November 2024, up 10.2% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $337K$350K
+3.9%
3 $485K$530K
+9.3%
4 $577.5K$607.5K
+5.2%
5+ $694.9K$720.5K
+3.7%

Summary: North Salmon Creek housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 3.7%.

Housing Supply in North Salmon Creek, WA

How many homes are available in North Salmon Creek, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5853-8.6%

Summary: The North Salmon Creek real estate market had 53 homes for sale in November 2024, a 8.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1619
+18.8%
3 1512
-20.0%
4 1915
-21.1%
5+ 87
-12.5%

Summary: The North Salmon Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 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 Salmon Creek, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in North Salmon Creek in November 2024, down by 33.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% were sold over asking.

Days on Market for North Salmon Creek, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days15 Days-51.4%

Summary: Homes in North Salmon Creek had an average of 15 days on market in Nov 2024, down by 51.4% compared to last year.

Breakdown of Home Sale Times

6 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 Salmon Creek are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in North Salmon Creek; 75% of homes were sold within 30 days, 25% 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 21 Days Ago

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