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 October 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

$279,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,000(-0.7%)

Key Takeaway

Homes in Raymond have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Raymond was $279,000 in October 2024, down 0.7% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$156K
N/A
2 $245K$242K
-1.2%
3 $275K$300K
+9.1%
4 $315K$325K
+3.2%
5+ $284K$315K
+10.9%

Summary: Raymond 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 1.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 10.9%.

Housing Supply in Raymond, WA

How many homes are available in Raymond, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5654-3.6%

Summary: The Raymond real estate market had 54 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1213
+8.3%
3 3834
-10.5%
4 23
+50.0%
5+ 44
0.0%

Summary: The Raymond 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 8.3%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 87.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Raymond in October 2024, down by 33.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
125 Days166 Days+32.9%

Summary: Homes in Raymond had an average of 166 days on market in Oct 2024, up by 32.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Raymond; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 88% 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 16 Days Ago

Newest Listings in Raymond, WA

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