Is Northwest Landing, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Landing is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Northwest Landing, WA

How much do homes in Northwest Landing, WA cost?

Median Sold Price

$520,000

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Northwest Landing has remained the same since last year.

Summary: The median home sold price in Northwest Landing was $520,000 in November 2024, the same as last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $355K$360K
+1.4%
3 $500K$490K
-2.0%
4 $597.5K$600K
0.4%
5+ $674.9K$650K
-3.7%

Summary: Northwest Landing 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 1.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 3.7%.

Housing Supply in Northwest Landing, WA

How many homes are available in Northwest Landing, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2721-22.2%

Summary: The Northwest Landing real estate market had 21 homes for sale in November 2024, a 22.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 1816
-11.1%
4 74
-42.9%
5+ 11
0.0%

Summary: The Northwest Landing 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 decreased by 100%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
126-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Landing, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Northwest Landing in November 2024, down by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Northwest Landing, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days34 Days+65.0%

Summary: Homes in Northwest Landing had an average of 34 days on market in Nov 2024, up by 65% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Northwest Landing; 50% of homes were sold within 30 days, 50% 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 Northwest Landing, WA

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