Is Northeast, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Northeast, WA

How much do homes in Northeast, WA cost?

Median Sold Price

$1,133,000

$597/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$52,750(+4.9%)

Key Takeaway

Homes in Northeast have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Northeast was $1,133,000 in November 2024, up 4.9% from last year, and the median price per square foot was $597.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $384K$405K
+5.5%
2 $699K$749.9K
+7.3%
3 $1.0M$1.0M
+5.1%
4 $1.4M$1.5M
+5.3%
5+ $1.9M$1.8M
-4.5%

Summary: Northeast housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 4.5%.

Housing Supply in Northeast, WA

How many homes are available in Northeast, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
254214-15.7%

Summary: The Northeast real estate market had 214 homes for sale in November 2024, a 15.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2322
-4.3%
2 5155
+7.8%
3 8160
-25.9%
4 6350
-20.6%
5+ 3627
-25.0%

Summary: The Northeast housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8061-23.8%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.

Summary: A total of 61 homes were sold or pending in Northeast in November 2024, down by 23.8% month-over-month. Of the 61 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Northeast, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days33 Days+2.9%

Summary: Homes in Northeast had an average of 33 days on market in Nov 2024, up by 2.9% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 61 homes were sold in Northeast; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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

Newest Listings in Northeast, WA

Nearby Markets to Northeast, WA