$10,000 Closing Credit*
$915,000
1,270 SqFt
2 Beds
•2 Full Baths
John Swofford, Listing Office: Windermere Real Estate Co.
Is Northwest, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Northwest has remained a Seller's Market.
Key Takeaway
Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest, WA
How much do homes in Northwest, WA cost?
Median Sold Price
$853,913
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$66,784(+8.5%)
Key Takeaway
Homes in Northwest have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Northwest was $853,913 in November 2024, up 8.5% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $441K | $345K | -21.8% |
| 2 Bedrooms | $651.6K | $675K | +3.6% |
| 3 Bedrooms | $843K | $879.9K | +4.4% |
| 4 Bedrooms | $1.1M | $1.2M | +11.1% |
| 5+ Bedrooms | $1.3M | $1.3M | +2.2% |
Summary: Northwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Northwest, WA
How many homes are available in Northwest, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 301 | 283 | -6.0% |
Summary: The Northwest real estate market had 283 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 27 | 20 | -25.9% |
| 2 Bedrooms | 76 | 86 | +13.2% |
| 3 Bedrooms | 104 | 92 | -11.5% |
| 4 Bedrooms | 76 | 59 | -22.4% |
| 5+ Bedrooms | 18 | 26 | +44.4% |
Summary: The Northwest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25.9%, 2 bedroom homes increased by 13.2%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 22.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 60 | -32.6% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Northwest in November 2024, down by 32.6% month-over-month. Of the 60 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Northwest, WA
How long does it take to sell a home in Northwest, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 31 Days | +47.4% |
Summary: Homes in Northwest had an average of 31 days on market in Nov 2024, up by 47.4% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 60 homes were sold in Northwest; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.