Is Snohomish Cascade, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snohomish Cascade is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Snohomish Cascade has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Snohomish Cascade, WA

How much do homes in Snohomish Cascade, WA cost?

Median Sold Price

$1,050,000

$436/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,000(+3.6%)

Key Takeaway

Homes in Snohomish Cascade have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Snohomish Cascade was $1,050,000 in October 2024, up 3.6% from last year, and the median price per square foot was $436.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $330K$345K
+4.5%
2 $450K$440K
-2.2%
3 $836.7K$800K
-4.4%
4 $1.0M$1.0M
+4.2%
5+ $1.1M$1.2M
+9.5%

Summary: Snohomish Cascade housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9.5%.

Housing Supply in Snohomish Cascade, WA

How many homes are available in Snohomish Cascade, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2324+4.3%

Summary: The Snohomish Cascade real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 45
+25.0%
4 1312
-7.7%
5+ 13
+200.0%

Summary: The Snohomish Cascade 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 20%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
411+175.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snohomish Cascade, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Snohomish Cascade in October 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.

Days on Market for Snohomish Cascade, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days32 Days-28.3%

Summary: Homes in Snohomish Cascade had an average of 32 days on market in Oct 2024, down by 28.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Snohomish Cascade; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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

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