Is Western Aire, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Western Aire is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Western Aire has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Western Aire, WA

How much do homes in Western Aire, WA cost?

Median Sold Price

$784,972

$463/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$39,977(+5.4%)

Key Takeaway

Homes in Western Aire have sold for 5.4% more than they did a month ago.

Summary: The median home sold price in Western Aire was $784,972 in October 2024, up 5.4% from last month, and the median price per square foot was $463.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $684.9K$671.4K
-2.0%
3 $747.4K$784.9K
+5.0%
4 $821.4K$825K
0.4%
5+ --
N/A

Summary: Western Aire housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes did not change.

Housing Supply in Western Aire, WA

How many homes are available in Western Aire, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2924-17.2%

Summary: The Western Aire real estate market had 24 homes for sale in October 2024, a 17.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 52
-60.0%
3 2020
0.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The Western Aire housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

9 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Western Aire, expect to pay close to the asking price. 90% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in Western Aire in October 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 90% were sold at asking, and 0% were sold over asking.

Days on Market for Western Aire, WA

How long does it take to sell a home in Western Aire, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
16 Days22 Days+34.4%

Summary: Homes in Western Aire had an average of 22 days on market in Oct 2024, up by 34.4% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 10 homes were sold in Western Aire; 70% of homes were sold within 30 days, 30% 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 11 Days Ago

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