Is Black Diamond, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Black Diamond was a Buyer's Market.
Housing Prices in Black Diamond, WA
How much do homes in Black Diamond, WA cost?
Median Sold Price
$848,883
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Black Diamond was $848,883 in April 2024, up 6.1% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.3M | $440K | -66.2% |
2 Bedrooms | $509.9K | $697.4K | +36.8% |
3 Bedrooms | $645K | $697.7K | +8.2% |
4 Bedrooms | $850.2K | $902.9K | +6.2% |
5+ Bedrooms | $926.5K | $951.7K | +2.7% |
Summary: Black Diamond housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.2%, 2 bedroom homes increased by 36.8%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Kent | $600K | $640K | +6.7% |
Black Diamond | $800K | $848.8K | +6.1% |
Enumclaw Plateau | $707K | $709.1K | 0.3% |
Maple Valley | $770K | $750K | -2.6% |
Housing Supply in Black Diamond, WA
How many homes are available in Black Diamond, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 48 | -7.7% |
Summary: The Black Diamond real estate market had 48 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 14 | 12 | -14.3% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Black Diamond housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Black Diamond in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Black Diamond, WA
How long does it take to sell a home in Black Diamond, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 51 Days | +89.6% |
Summary: Homes in Black Diamond had an average of 51 days on market in Apr 2024, up by 89.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Black Diamond; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.