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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Cowlitz is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Northeast Cowlitz, WA

How much do homes in Northeast Cowlitz, WA cost?

Median Sold Price

$439,500

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,500(+4.9%)

Key Takeaway

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

Summary: The median home sold price in Northeast Cowlitz was $439,500 in October 2024, up 4.9% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K-
N/A
2 $420K$390K
-7.1%
3 $400K$401.8K
0.5%
4 $644K$689.9K
+7.1%
5+ $675K-
N/A

Summary: Northeast Cowlitz housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Northeast Cowlitz
+4.9%
Rose Valley
+2.9%
Silverlake
+1.1%

Housing Supply in Northeast Cowlitz, WA

How many homes are available in Northeast Cowlitz, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2526+4.0%

Summary: The Northeast Cowlitz real estate market had 26 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 55
0.0%
3 1616
0.0%
4 22
0.0%
5+ 11
0.0%

Summary: The Northeast Cowlitz housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
19+800.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Cowlitz, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Northeast Cowlitz in October 2024, up by 800.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for Northeast Cowlitz, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days56 Days+648.1%

Summary: Homes in Northeast Cowlitz had an average of 56 days on market in Oct 2024, up by 648.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Northeast Cowlitz; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 16 Days Ago

Newest Listings in Northeast Cowlitz, WA

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