Is West Hill, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Hill is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, West Hill was a Buyer's Market.

Key Takeaway

West Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Hill, WA

How much do homes in West Hill, WA cost?

Median Sold Price

$769,887

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$119,887(+18.4%)

Key Takeaway

Homes in West Hill have sold for 18.4% more than they did a year ago.

Summary: The median home sold price in West Hill was $769,887 in November 2024, up 18.4% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $492K-
N/A
3 $580K$666.9K
+15.0%
4 $684.5K$780K
+14.0%
5+ $820K$845K
+3.0%

Summary: West Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 3%.

Housing Supply in West Hill, WA

How many homes are available in West Hill, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4130-26.8%

Summary: The West Hill real estate market had 30 homes for sale in November 2024, a 26.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 107
-30.0%
4 2217
-22.7%
5+ 96
-33.3%

Summary: The West Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 22.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Hill, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in West Hill in November 2024, down by 8.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% were sold over asking.

Days on Market for West Hill, WA

How long does it take to sell a home in West Hill, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
174 Days42 Days-75.9%

Summary: Homes in West Hill had an average of 42 days on market in Nov 2024, down by 75.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in West Hill; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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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