Is Snoqualmie Valley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snoqualmie Valley is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Snoqualmie Valley has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Snoqualmie Valley, WA

How much do homes in Snoqualmie Valley, WA cost?

Median Sold Price

$974,497

$468/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,192(+3.3%)

Key Takeaway

Homes in Snoqualmie Valley have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Snoqualmie Valley was $974,497 in October 2024, up 3.3% from last year, and the median price per square foot was $468.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375K$423.8K
+13.0%
2 $610K$637K
+4.4%
3 $843.3K$869.9K
+3.2%
4 $1.1M$1.2M
+6.7%
5+ $1.3M$1.3M
-1.2%

Summary: Snoqualmie Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 1.2%.

Median Sold Price Compared To Nearby Cities

Snoqualmie Valley
+3.3%
North Bend
-11.3%

Housing Supply in Snoqualmie Valley, WA

How many homes are available in Snoqualmie Valley, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
273265-2.9%

Summary: The Snoqualmie Valley real estate market had 265 homes for sale in October 2024, a 2.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1010
0.0%
2 2021
+5.0%
3 118110
-6.8%
4 9390
-3.2%
5+ 3234
+6.3%

Summary: The Snoqualmie Valley 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 5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
74740.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snoqualmie Valley, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.

Summary: A total of 74 homes were sold or pending in Snoqualmie Valley in October 2024, the same as the previous month. Of the 74 sold homes, 28% were sold under asking, 30% were sold at asking, and 42% were sold over asking.

Days on Market for Snoqualmie Valley, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days32 Days-29.2%

Summary: Homes in Snoqualmie Valley had an average of 32 days on market in Oct 2024, down by 29.2% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 74 homes were sold in Snoqualmie Valley; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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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