Is Queen Anne, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Queen Anne is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Queen Anne has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Queen Anne, WA

How much do homes in Queen Anne, WA cost?

Median Sold Price

$945,043

$635/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,043(+1.6%)

Key Takeaway

Homes in Queen Anne have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Queen Anne was $945,043 in October 2024, up 1.6% from last year, and the median price per square foot was $635.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $399K$399K
0.0%
2 $731.9K$725K
-0.9%
3 $1.3M$1.2M
-3.5%
4 $1.5M$1.6M
+2.6%
5+ $1.7M$2.1M
+24.5%

Summary: Queen Anne 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 0.9%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 24.5%.

Median Sold Price Compared To Nearby Neighborhoods

West Queen Anne
+2.3%
Queen Anne
+1.6%

Housing Supply in Queen Anne, WA

How many homes are available in Queen Anne, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
213232+8.9%

Summary: The Queen Anne real estate market had 232 homes for sale in October 2024, a 8.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4852
+8.3%
2 7685
+11.8%
3 4751
+8.5%
4 2829
+3.6%
5+ 1415
+7.1%

Summary: The Queen Anne housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3044+46.7%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Queen Anne, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.

Summary: A total of 44 homes were sold or pending in Queen Anne in October 2024, up by 46.7% month-over-month. Of the 44 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% were sold over asking.

Days on Market for Queen Anne, WA

How long does it take to sell a home in Queen Anne, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days40 Days+11.5%

Summary: Homes in Queen Anne had an average of 40 days on market in Oct 2024, up by 11.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 44 homes were sold in Queen Anne; 55% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

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