$545 Closing Credit*
$45,900
510 SqFt
1 Bed
•1 Full Bath
Leslie S. Hobkirk, Listing Office: Windermere Real Estate Whatcom
Is Puget, 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, Puget has remained a Seller's Market.
Key Takeaway
Puget is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Puget, WA
How much do homes in Puget, WA cost?
Median Sold Price
$571,000
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$138,000(-19.5%)
Key Takeaway
Homes in Puget have sold for 19.5% less than they did a year ago.
Summary: The median home sold price in Puget was $571,000 in October 2024, down 19.5% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $310K | N/A |
| 2 Bedrooms | $452.5K | $293.7K | -35.1% |
| 3 Bedrooms | $591.9K | $648.7K | +9.6% |
| 4 Bedrooms | $927.5K | $805K | -13.2% |
| 5+ Bedrooms | $795K | $865K | +8.8% |
Summary: Puget 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 35.1%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in Puget, WA
How many homes are available in Puget, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Puget real estate market had 26 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Puget 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 14.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Puget, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Puget in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Puget, WA
How long does it take to sell a home in Puget, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 62 Days | +162.3% |
Summary: Homes in Puget had an average of 62 days on market in Oct 2024, up by 162.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Puget are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Puget; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.