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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Queen Anne is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, West Queen Anne has remained a Seller's Market.

Key Takeaway

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

Housing Prices in West Queen Anne, WA

How much do homes in West Queen Anne, WA cost?

Median Sold Price

$1,199,950

$603/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$59,950(+5.3%)

Key Takeaway

Homes in West Queen Anne have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in West Queen Anne was $1,199,950 in November 2024, up 5.3% from last year, and the median price per square foot was $603.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $391K$413.5K
+5.8%
2 $669.9K$702.5K
+4.9%
3 $1.4M$1.3M
-7.4%
4 $1.8M$1.7M
-0.3%
5+ $2.0M$2.3M
+10.3%

Summary: West Queen Anne housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 10.3%.

Median Sold Price Compared To Nearby Neighborhoods

Lower Queen Anne
+7.9%
West Queen Anne
+5.3%
East Queen Anne
+2.8%
Queen Anne
0.5%

Housing Supply in West Queen Anne, WA

How many homes are available in West Queen Anne, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2928-3.4%

Summary: The West Queen Anne real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 33
0.0%
2 913
+44.4%
3 96
-33.3%
4 75
-28.6%
5+ 11
0.0%

Summary: The West Queen Anne 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 increased by 44.4%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Queen Anne, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in West Queen Anne in November 2024, up by 14.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.

Days on Market for West Queen Anne, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days39 Days+44.4%

Summary: Homes in West Queen Anne had an average of 39 days on market in Nov 2024, up by 44.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 8 homes were sold in West Queen Anne; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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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