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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sherwood is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Sherwood, WA

How much do homes in Sherwood, WA cost?

Median Sold Price

$545,250

$274/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$143,150(-20.8%)

Key Takeaway

Homes in Sherwood have sold for 20.8% less than they did a month ago.

Summary: The median home sold price in Sherwood was $545,250 in November 2024, down 20.8% from last month, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $688.4K$487.7K
-29.1%
4 $753.2K$580K
-23.0%
5+ $600K$850K
+41.7%

Summary: Sherwood 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 did not change, 3 bedroom homes decreased by 29.1%, 4 bedroom homes decreased by 23%, and 5+ bedroom homes increased by 41.7%.

Housing Supply in Sherwood, WA

How many homes are available in Sherwood, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2718-33.3%

Summary: The Sherwood real estate market had 18 homes for sale in November 2024, a 33.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 117
-36.4%
4 83
-62.5%
5+ 66
0.0%

Summary: The Sherwood 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 36.4%, 4 bedroom homes decreased by 62.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sherwood, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Sherwood in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Sherwood, WA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
45 Days102 Days+126.3%

Summary: Homes in Sherwood had an average of 102 days on market in Nov 2024, up by 126.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Sherwood; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 3 Days Ago

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