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 November 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

$378/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$50,000(+10.0%)

Key Takeaway

Homes in Zenith have sold for 10% more than they did a year ago.

Summary: The median home sold price in Zenith was $550,000 in November 2024, up 10% from last year, and the median price per square foot was $378.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$310K
+8.8%
2 $417.5K$480K
+15.0%
3 $575K$600K
+4.3%
4 $705K$699.9K
-0.7%
5+ $661K$906K
+37.1%

Summary: Zenith housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 0.7%, 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

Oct 2024Nov 2024CHANGE
2925-13.8%

Summary: The Zenith real estate market had 25 homes for sale in November 2024, a 13.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 13
+200.0%
2 1815
-16.7%
3 55
0.0%
4 22
0.0%
5+ 30
-100.0%

Summary: The Zenith housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Zenith, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Zenith in November 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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

Nov 2023Nov 2024CHANGE
11 Days17 Days+57.5%

Summary: Homes in Zenith had an average of 17 days on market in Nov 2024, up by 57.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Zenith; 80% of homes were sold within 30 days, 20% 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 3 Days Ago

Newest Listings in Zenith, WA

Nearby Markets to Zenith, WA