Is West Campus / Fed Way, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Campus / Fed Way is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Campus / Fed Way has remained a Seller's Market.

Key Takeaway

West Campus / Fed Way is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Campus / Fed Way, WA

How much do homes in West Campus / Fed Way, WA cost?

Median Sold Price

$375,000

$318/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,000(-3.8%)

Key Takeaway

Homes in West Campus / Fed Way have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in West Campus / Fed Way was $375,000 in November 2024, down 3.8% from last year, and the median price per square foot was $318.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $227K$228K
0.4%
2 $324.9K$298.5K
-8.1%
3 $402.5K$416K
+3.4%
4 $679K$655K
-3.5%
5+ $667K$715K
+7.2%

Summary: West Campus / Fed Way housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 7.2%.

Housing Supply in West Campus / Fed Way, WA

How many homes are available in West Campus / Fed Way, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3329-12.1%

Summary: The West Campus / Fed Way real estate market had 29 homes for sale in November 2024, a 12.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 1313
0.0%
3 97
-22.2%
4 54
-20.0%
5+ 22
0.0%

Summary: The West Campus / Fed Way housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Campus / Fed Way, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in West Campus / Fed Way in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 14% were sold under asking, 43% were sold at asking, and 43% were sold over asking.

Days on Market for West Campus / Fed Way, WA

How long does it take to sell a home in West Campus / Fed Way, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days24 Days-20.3%

Summary: Homes in West Campus / Fed Way had an average of 24 days on market in Nov 2024, down by 20.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West Campus / Fed Way are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in West Campus / Fed Way; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

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