Is Yakima, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Yakima is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Yakima, WA

How much do homes in Yakima, WA cost?

Median Sold Price

$490,000

$206/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$65,000(+15.3%)

Key Takeaway

Homes in Yakima have sold for 15.3% more than they did a month ago.

Summary: The median home sold price in Yakima was $490,000 in October 2024, up 15.3% from last month, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $310K$299K
-3.5%
3 $425K$374.9K
-11.8%
4 $480K$840K
+75.0%
5+ $867K$637.5K
-26.5%

Summary: Yakima 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 3.5%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 26.5%.

Housing Supply in Yakima, WA

How many homes are available in Yakima, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5859+1.7%

Summary: The Yakima real estate market had 59 homes for sale in October 2024, a 1.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 912
+33.3%
3 2525
0.0%
4 1617
+6.3%
5+ 73
-57.1%

Summary: The Yakima housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Yakima, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Yakima in October 2024, up by 7.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.

Days on Market for Yakima, WA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
48 Days59 Days+23.0%

Summary: Homes in Yakima had an average of 59 days on market in Oct 2024, up by 23% compared to last month.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 14 homes were sold in Yakima; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 22 Days Ago

Newest Listings in Yakima, WA

Nearby Markets to Yakima, WA