$10,000 Closing Credit*
$1,099,950
2,479 SqFt
5 Beds
•2 Full Baths
Peter M. Murphy, Listing Office: Keller Williams Realty Bothell
Is Picnic Point, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Picnic Point has remained a Seller's Market.
Key Takeaway
Picnic Point is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Picnic Point, WA
How much do homes in Picnic Point, WA cost?
Median Sold Price
$941,500
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$111,500(+13.4%)
Key Takeaway
Homes in Picnic Point have sold for 13.4% more than they did a year ago.
Summary: The median home sold price in Picnic Point was $941,500 in October 2024, up 13.4% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $644.9K | $600K | -7.0% |
| 2 Bedrooms | $599K | $599.9K | 0.2% |
| 3 Bedrooms | $725.7K | $849.2K | +17.0% |
| 4 Bedrooms | $875K | $1.0M | +16.1% |
| 5+ Bedrooms | $1.1M | $1.2M | +3.8% |
Summary: Picnic Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in Picnic Point, WA
How many homes are available in Picnic Point, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 62 | -11.4% |
Summary: The Picnic Point real estate market had 62 homes for sale in October 2024, a 11.4% decrease 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 21 | 14 | -33.3% |
| 4 Bedrooms | 33 | 33 | 0.0% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Picnic Point 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 50%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 19 | -9.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Picnic Point, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Picnic Point in October 2024, down by 9.5% month-over-month. Of the 19 sold homes, 37% were sold under asking, 42% were sold at asking, and 21% were sold over asking.
Days on Market for Picnic Point, WA
How long does it take to sell a home in Picnic Point, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 27 Days | +19.8% |
Summary: Homes in Picnic Point had an average of 27 days on market in Oct 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Picnic Point are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 19 homes were sold in Picnic Point; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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.