Is Pike Market, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pike Market is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Pike Market was a Buyer's Market.

Key Takeaway

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

Housing Prices in Pike Market, WA

How much do homes in Pike Market, WA cost?

Median Sold Price

$800,000

$829/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$47,000(+6.2%)

Key Takeaway

Homes in Pike Market have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Pike Market was $800,000 in December 2024, up 6.2% from last year, and the median price per square foot was $829.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $646.5K$590K
-8.7%
2 $1.1M$1.2M
+2.7%
3 $2.1M$2.6M
+20.6%
4 --
N/A
5+ -$6.0M
N/A

Summary: Pike Market housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.7%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 20.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Downtown
+8.6%
Pike Market
+6.2%
Belltown
-1.6%

Housing Supply in Pike Market, WA

How many homes are available in Pike Market, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1920+5.3%

Summary: The Pike Market real estate market had 20 homes for sale in December 2024, a 5.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 66
0.0%
2 1112
+9.1%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Pike Market housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pike Market, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Pike Market in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Pike Market, WA

How long does it take to sell a home in Pike Market, WA?

Average Sale Time

Dec 2023Dec 2024CHANGE
81 Days103 Days+27.8%

Summary: Homes in Pike Market had an average of 103 days on market in Dec 2024, up by 27.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Pike Market are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 4 homes were sold in Pike Market; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

Newest Listings in Pike Market, WA

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