Is Malaga, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Malaga was a Buyer's Market.
Key Takeaway
Malaga is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Malaga, WA
How much do homes in Malaga, WA cost?
Median Sold Price
$613,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Malaga have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Malaga was $613,000 in May 2024, up 11.5% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.4K | $622.5K | +64.9% |
| 2 Bedrooms | $360K | $399.9K | +11.1% |
| 3 Bedrooms | $545K | $621.5K | +14.0% |
| 4 Bedrooms | $813.7K | $695K | -14.6% |
| 5+ Bedrooms | $599K | $640K | +6.8% |
Summary: Malaga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.9%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| Malaga | $550K | $613K | +11.5% |
| Wenatchee | $467.9K | $500K | +6.8% |
| Northeast Kittitas | $585K | $624.9K | +6.8% |
Housing Supply in Malaga, WA
How many homes are available in Malaga, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Malaga real estate market had 33 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Malaga housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Malaga, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Malaga in May 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Malaga, WA
How long does it take to sell a home in Malaga, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -5.3% |
Summary: Homes in Malaga had an average of 14 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malaga are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Malaga; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.