Is Royal City, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Royal City is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Royal City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Royal City, WA

How much do homes in Royal City, WA cost?

Median Sold Price

$313,500

$260/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$19,000(-5.7%)

Key Takeaway

Homes in Royal City have sold for 5.7% less than they did a month ago.

Summary: The median home sold price in Royal City was $313,500 in October 2024, down 5.7% from last month, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $270K$313.5K
+16.1%
4 --
N/A
5+ $395K-
N/A

Summary: Royal City housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mattawa-Royal City
-3.0%
Royal City
-5.7%

Housing Supply in Royal City, WA

How many homes are available in Royal City, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
53-40.0%

Summary: The Royal City real estate market had 3 homes for sale in October 2024, a 40.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Royal City 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Royal City, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Royal City in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Royal City, WA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
14 Days7 Days-50.0%

Summary: Homes in Royal City had an average of 7 days on market in Oct 2024, down by 50% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Royal City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 Royal City, WA

Nearby Markets to Royal City, WA

What housing markets are near Royal City, WA?