$75,000
0.47 Acres
Land
Ruth Gribbin-Schmitt, Listing Office: Coldwell Banker Best Homes
Is Tri-Area, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Tri-Area has remained a Seller's Market.
Key Takeaway
Tri-Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tri-Area, WA
How much do homes in Tri-Area, WA cost?
Median Sold Price
$515,000
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$60,000(-10.4%)
Key Takeaway
Homes in Tri-Area have sold for 10.4% less than they did a year ago.
Summary: The median home sold price in Tri-Area was $515,000 in October 2024, down 10.4% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $499.5K | $305K | -38.9% |
| 2 Bedrooms | $522.5K | $610K | +16.7% |
| 3 Bedrooms | $675K | $457.5K | -32.2% |
| 4 Bedrooms | $732K | $495K | -32.4% |
| 5+ Bedrooms | - | $600K | N/A |
Summary: Tri-Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 32.2%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes did not change.
Housing Supply in Tri-Area, WA
How many homes are available in Tri-Area, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Tri-Area real estate market had 30 homes for sale in October 2024, a 15.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 13 | 16 | +23.1% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tri-Area housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tri-Area, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Tri-Area in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Tri-Area, WA
How long does it take to sell a home in Tri-Area, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 99 Days | +1251.5% |
Summary: Homes in Tri-Area had an average of 99 days on market in Oct 2024, up by 1251.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tri-Area are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Tri-Area; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.