Is View Ridge, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing View Ridge is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, View Ridge was a Seller's Market.

Key Takeaway

View Ridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in View Ridge, WA

How much do homes in View Ridge, WA cost?

Median Sold Price

$1,192,500

$562/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+1.1%)

Key Takeaway

Homes in View Ridge have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in View Ridge was $1,192,500 in October 2024, up 1.1% from last year, and the median price per square foot was $562.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $330K$354.3K
+7.4%
2 $642.5K$700K
+8.9%
3 $1.2M$1.3M
+6.0%
4 $1.9M$1.6M
-15.4%
5+ $3.0M$2.9M
-0.8%

Summary: View Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 0.8%.

Housing Supply in View Ridge, WA

How many homes are available in View Ridge, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2327+17.4%

Summary: The View Ridge real estate market had 27 homes for sale in October 2024, a 17.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 47
+75.0%
2 89
+12.5%
3 44
0.0%
4 54
-20.0%
5+ 23
+50.0%

Summary: The View Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in View Ridge, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in View Ridge in October 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for View Ridge, WA

How long does it take to sell a home in View Ridge, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
52 Days3 Days-92.8%

Summary: Homes in View Ridge had an average of 3 days on market in Oct 2024, down by 92.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in View Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in View Ridge, WA

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