Is Newcastle, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Newcastle has remained a Seller's Market.
Housing Prices in Newcastle, WA
How much do homes in Newcastle, WA cost?
Median Sold Price
$1,407,500
$551/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Newcastle was $1,407,500 in April 2024, up 0.5% from last year, and the median price per square foot was $551.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $402K | $405K | +0.7% |
2 Bedrooms | $519.5K | $486K | -6.4% |
3 Bedrooms | $1.1M | $1.1M | -1.7% |
4 Bedrooms | $1.5M | $1.5M | +3.1% |
5+ Bedrooms | $1.8M | $2.1M | +18.2% |
Summary: Newcastle housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Cities
Renton | $674.9K | $738K | +9.3% |
Seattle East | $1.0M | $1.1M | +8.9% |
Bellevue | $1.3M | $1.4M | +7.9% |
Newcastle | $1.4M | $1.4M | 0.5% |
Housing Supply in Newcastle, WA
How many homes are available in Newcastle, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 45 | -2.2% |
Summary: The Newcastle real estate market had 45 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Newcastle housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Newcastle in April 2024, up by 26.7% month-over-month. Of the 19 sold homes, 11% were sold under asking, 21% were sold at asking, and 68% were sold over asking.
Days on Market for Newcastle, WA
How long does it take to sell a home in Newcastle, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 7 Days | -69.8% |
Summary: Homes in Newcastle had an average of 7 days on market in Apr 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Newcastle; 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.