Is Union-Grapeview, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union-Grapeview is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Union-Grapeview has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Union-Grapeview, WA

How much do homes in Union-Grapeview, WA cost?

Median Sold Price

$486,666

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,666(+5.8%)

Key Takeaway

Homes in Union-Grapeview have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Union-Grapeview was $486,666 in October 2024, up 5.8% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $310K$372.5K
+20.2%
2 $437.4K$434K
-0.8%
3 $469K$499K
+6.4%
4 $575K$547.5K
-4.8%
5+ $525K$720K
+37.1%

Summary: Union-Grapeview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 37.1%.

Median Sold Price Compared To Nearby Cities

Grapeview
+64.1%
Union-Grapeview
+5.8%
Timber Lake-Harstine Island
+1.0%

Housing Supply in Union-Grapeview, WA

How many homes are available in Union-Grapeview, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
126139+10.3%

Summary: The Union-Grapeview real estate market had 139 homes for sale in October 2024, a 10.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 3131
0.0%
3 7384
+15.1%
4 1618
+12.5%
5+ 34
+33.3%

Summary: The Union-Grapeview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1732+88.2%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union-Grapeview, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Union-Grapeview in October 2024, up by 88.2% month-over-month. Of the 32 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% were sold over asking.

Days on Market for Union-Grapeview, WA

How long does it take to sell a home in Union-Grapeview, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days65 Days+89.0%

Summary: Homes in Union-Grapeview had an average of 65 days on market in Oct 2024, up by 89% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Union-Grapeview has remained consistent over time.

Summary: During October 2024, 32 homes were sold in Union-Grapeview; 34% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 28% 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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