$4,446 Closing Credit*
$374,400
1,524 SqFt
5 Beds
•2 Full Baths
Jessie Weno Dominguez, Listing Office: Imagine Realty
Is Othello, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Othello has remained a Buyer's Market.
Key Takeaway
Othello is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Othello, WA
How much do homes in Othello, WA cost?
Median Sold Price
$435,000
$216/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$65,000(+17.6%)
Key Takeaway
Homes in Othello have sold for 17.6% more than they did a month ago.
Summary: The median home sold price in Othello was $435,000 in October 2024, up 17.6% from last month, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $370K | $327.5K | -11.5% |
| 4 Bedrooms | - | $685K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Othello housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Othello, WA
How many homes are available in Othello, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 41 | +28.1% |
Summary: The Othello real estate market had 41 homes for sale in October 2024, a 28.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Othello housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Othello, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Othello in October 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Othello, WA
How long does it take to sell a home in Othello, WA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Days | 59 Days | +3860.0% |
Summary: Homes in Othello had an average of 59 days on market in Oct 2024, up by 3860% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Othello are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Othello; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.