Is Snoqualmie Valley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snoqualmie Valley is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Snoqualmie Valley, WA

How much do homes in Snoqualmie Valley, WA cost?

Median Sold Price

$949,681

$451/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$34,949(-3.5%)

Key Takeaway

Homes in Snoqualmie Valley have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Snoqualmie Valley was $949,681 in April 2024, down 3.5% from last year, and the median price per square foot was $451.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $355.5K$450K
+26.6%
2 $612.5K$645.6K
+5.4%
3 $849.7K$849.9K
0.0%
4 $1.1M$1.1M
-0.1%
5+ $1.3M$1.3M
+0.6%

Summary: Snoqualmie Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.6%, 2 bedroom homes increased by 5.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Snoqualmie Valley
-3.5%
North Bend
-21.7%

Housing Supply in Snoqualmie Valley, WA

How many homes are available in Snoqualmie Valley, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
173194+12.1%

Summary: The Snoqualmie Valley real estate market had 194 homes for sale in April 2024, a 12.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 94
-55.6%
2 1717
0.0%
3 6975
+8.7%
4 4768
+44.7%
5+ 3130
-3.2%

Summary: The Snoqualmie Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 55.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 44.7%, and 5+ bedroom homes decreased by 3.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5460+11.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

38 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snoqualmie Valley, you could pay more than the asking price. 63.3% of homes here sold above asking price last month.

Summary: A total of 60 homes were sold or pending in Snoqualmie Valley in April 2024, up by 11.1% month-over-month. Of the 60 sold homes, 13% were sold under asking, 23% were sold at asking, and 63% were sold over asking.

Days on Market for Snoqualmie Valley, WA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days13 Days-59.4%

Summary: Homes in Snoqualmie Valley had an average of 13 days on market in Apr 2024, down by 59.4% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 60 homes were sold in Snoqualmie Valley; 92% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 2% 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 11 Days Ago

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