Is Prune Hill, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prune Hill is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Prune Hill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Prune Hill, WA

How much do homes in Prune Hill, WA cost?

Median Sold Price

$799,500

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,500(+6.6%)

Key Takeaway

Homes in Prune Hill have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Prune Hill was $799,500 in October 2024, up 6.6% from last year, and the median price per square foot was $305.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $657.4K$575K
-12.5%
3 $609.5K$644.9K
+5.8%
4 $750K$870K
+16.0%
5+ $895K$925K
+3.4%

Summary: Prune Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 3.4%.

Housing Supply in Prune Hill, WA

How many homes are available in Prune Hill, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5961+3.4%

Summary: The Prune Hill real estate market had 61 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1916
-15.8%
4 2627
+3.8%
5+ 1417
+21.4%

Summary: The Prune Hill 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 100%, 3 bedroom homes decreased by 15.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prune Hill, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Prune Hill in October 2024, up by 27.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 50% were sold at asking, and 7% were sold over asking.

Days on Market for Prune Hill, WA

How long does it take to sell a home in Prune Hill, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days35 Days+51.8%

Summary: Homes in Prune Hill had an average of 35 days on market in Oct 2024, up by 51.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Prune Hill; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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

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