$6,757 Closing Credit*
$569,000
2,055 SqFt
3 Beds
•2 Full Baths
Connie Peterson, Samantha Whitcomb, Listing Office: Premiere Property Group, LLC
Is West Minnehaha, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, West Minnehaha has remained a Seller's Market.
Key Takeaway
West Minnehaha is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Minnehaha, WA
How much do homes in West Minnehaha, WA cost?
Median Sold Price
$509,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$8,950(-1.7%)
Key Takeaway
Homes in West Minnehaha have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in West Minnehaha was $509,500 in November 2024, down 1.7% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $360K | $443K | +23.1% |
| 3 Bedrooms | $517K | $452.4K | -12.5% |
| 4 Bedrooms | $524.8K | $538K | +2.5% |
| 5+ Bedrooms | $630K | $572K | -9.2% |
Summary: West Minnehaha 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 increased by 23.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in West Minnehaha, WA
How many homes are available in West Minnehaha, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The West Minnehaha real estate market had 20 homes for sale in November 2024, a 25.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 10 | +66.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The West Minnehaha 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 decreased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Minnehaha, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in West Minnehaha in November 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for West Minnehaha, WA
How long does it take to sell a home in West Minnehaha, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 48 Days | +146.2% |
Summary: Homes in West Minnehaha had an average of 48 days on market in Nov 2024, up by 146.2% compared to last year.
Breakdown of Home Sale Times
3 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 West Minnehaha are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in West Minnehaha; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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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.