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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salkum is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Salkum was a Seller's Market.

Key Takeaway

Salkum 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 Salkum, WA

How much do homes in Salkum, WA cost?

Median Sold Price

$480,000

$246/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$187,550(+64.1%)

Key Takeaway

Homes in Salkum have sold for 64.1% more than they did a month ago.

Summary: The median home sold price in Salkum was $480,000 in November 2024, up 64.1% from last month, and the median price per square foot was $246.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $270K$480K
+77.8%
3 $314.9K-
N/A
4 --
N/A
5+ --
N/A

Summary: Salkum housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 77.8%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Salkum
+64.1%
Mineral
+35.5%

Housing Supply in Salkum, WA

How many homes are available in Salkum, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The Salkum real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Salkum 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salkum, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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

Days on Market for Salkum, WA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
131 Days22 Days-83.2%

Summary: Homes in Salkum had an average of 22 days on market in Nov 2024, down by 83.2% 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 Salkum are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Salkum; 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 21 Days Ago

Newest Listings in Salkum, WA

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