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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Zenith is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Zenith has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Zenith, WA

How much do homes in Zenith, WA cost?

Median Sold Price

$550,000

$380/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$47,500(+9.5%)

Key Takeaway

Homes in Zenith have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Zenith was $550,000 in December 2024, up 9.5% from last year, and the median price per square foot was $380.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $285K$310K
+8.8%
2 $415K$480.5K
+15.8%
3 $575K$600K
+4.3%
4 $710K$679K
-4.4%
5+ $661K$906K
+37.1%

Summary: Zenith housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 37.1%.

Housing Supply in Zenith, WA

How many homes are available in Zenith, WA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2524-4.0%

Summary: The Zenith real estate market had 24 homes for sale in December 2024, a 4.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 34
+33.3%
2 1410
-28.6%
3 66
0.0%
4 24
+100.0%
5+ 00
0.0%

Summary: The Zenith housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zenith, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Zenith in December 2024, up by 80.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.

Days on Market for Zenith, WA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
73 Days31 Days-57.1%

Summary: Homes in Zenith had an average of 31 days on market in Dec 2024, down by 57.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Zenith has remained consistent over time.

Summary: During December 2024, 9 homes were sold in Zenith; 44% of homes were sold within 30 days, 56% 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 6 Days Ago

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