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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Yakima is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Northwest Yakima was a Seller's Market.

Key Takeaway

Northwest Yakima is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northwest Yakima, WA

How much do homes in Northwest Yakima, WA cost?

Median Sold Price

$530,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$115,000(+27.7%)

Key Takeaway

Homes in Northwest Yakima have sold for 27.7% more than they did a year ago.

Summary: The median home sold price in Northwest Yakima was $530,000 in October 2024, up 27.7% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $80K$90K
+12.5%
2 $650K$640K
-1.5%
3 $399K$1.0M
+165.7%
4 $415K$512.5K
+23.5%
5+ $799K$657.5K
-17.7%

Summary: Northwest Yakima housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 165.7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 17.7%.

Median Sold Price Compared To Nearby Cities

Northwest Yakima
+27.7%
Manastash Ridge
+10.9%

Housing Supply in Northwest Yakima, WA

How many homes are available in Northwest Yakima, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109-10.0%

Summary: The Northwest Yakima real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 01
+100.0%
3 44
0.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The Northwest Yakima housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Yakima, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Northwest Yakima in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Northwest Yakima, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days10 Days+42.9%

Summary: Homes in Northwest Yakima had an average of 10 days on market in Oct 2024, up by 42.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 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 Yakima are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Northwest Yakima; 100% of homes were sold within 30 days, 0% 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 20 Days Ago

Newest Listings in Northwest Yakima, WA

Nearby Markets to Northwest Yakima, WA

What housing markets are near Northwest Yakima, WA?