Is Raymond, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Raymond is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Raymond was a Seller's Market.

Key Takeaway

Raymond is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Raymond, WA

How much do homes in Raymond, WA cost?

Median Sold Price

$272,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$13,000(-4.6%)

Key Takeaway

Homes in Raymond have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Raymond was $272,000 in November 2024, down 4.6% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $249K$140.5K
-43.6%
2 $317.5K$230K
-27.6%
3 $270K$307.5K
+13.9%
4 $307.5K$375K
+22.0%
5+ $284K$357.5K
+25.9%

Summary: Raymond housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.6%, 2 bedroom homes decreased by 27.6%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 25.9%.

Housing Supply in Raymond, WA

How many homes are available in Raymond, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5542-23.6%

Summary: The Raymond real estate market had 42 homes for sale in November 2024, a 23.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1511
-26.7%
3 3326
-21.2%
4 32
-33.3%
5+ 43
-25.0%

Summary: The Raymond housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 26.7%, 3 bedroom homes decreased by 21.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Raymond, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Raymond in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Raymond, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
108 Days160 Days+48.8%

Summary: Homes in Raymond had an average of 160 days on market in Nov 2024, up by 48.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Raymond has remained consistent over time.

Summary: During November 2024, 6 homes were sold in Raymond; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 17 Days Ago

Newest Listings in Raymond, WA

Nearby Markets to Raymond, WA

What housing markets are near Raymond, WA?