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 November 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

$973,548

$467/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$47,842(+5.2%)

Key Takeaway

Homes in Snoqualmie Valley have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Snoqualmie Valley was $973,548 in November 2024, up 5.2% from last year, and the median price per square foot was $467.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $399.9K$422.4K
+5.6%
2 $610K$615K
+0.8%
3 $849K$868K
+2.2%
4 $1.1M$1.1M
+7.8%
5+ $1.3M$1.3M
0.2%

Summary: Snoqualmie Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 0.2%.

Median Sold Price Compared To Nearby Cities

Snoqualmie Valley
+5.2%
North Bend
-7.7%

Housing Supply in Snoqualmie Valley, WA

How many homes are available in Snoqualmie Valley, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
262210-19.8%

Summary: The Snoqualmie Valley real estate market had 210 homes for sale in November 2024, a 19.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1210
-16.7%
2 2127
+28.6%
3 11180
-27.9%
4 8969
-22.5%
5+ 2924
-17.2%

Summary: The Snoqualmie Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 27.9%, 4 bedroom homes decreased by 22.5%, and 5+ bedroom homes decreased by 17.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7958-26.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snoqualmie Valley, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Snoqualmie Valley in November 2024, down by 26.6% month-over-month. Of the 58 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% 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

Nov 2023Nov 2024CHANGE
48 Days39 Days-18.0%

Summary: Homes in Snoqualmie Valley had an average of 39 days on market in Nov 2024, down by 18% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

7 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 November 2024, 58 homes were sold in Snoqualmie Valley; 59% of homes were sold within 30 days, 29% 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 17 Days Ago

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