Is Ballard, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ballard has remained a Seller's Market.
Housing Prices in Ballard, WA
How much do homes in Ballard, WA cost?
Median Sold Price
$879,760
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ballard was $879,760 in May 2024, down 0.6% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $483K | $471.5K | -2.4% |
2 Bedrooms | $725K | $724.9K | 0% |
3 Bedrooms | $915K | $929.9K | +1.6% |
4 Bedrooms | $1.2M | $1.2M | -1.7% |
5+ Bedrooms | $1.5M | $1.5M | -5.5% |
Summary: Ballard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
Whittier Heights | $860K | $875K | +1.7% |
Ballard | $884.9K | $879.7K | -0.6% |
Loyal Heights | $978.5K | $901K | -7.9% |
Salmon Bay Park | $1.1M | $895K | -21.1% |
Housing Supply in Ballard, WA
How many homes are available in Ballard, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
185 | 283 | +53.0% |
Summary: The Ballard real estate market had 283 homes for sale in May 2024, a 53.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 27 | +42.1% |
2 Bedrooms | 62 | 92 | +48.4% |
3 Bedrooms | 74 | 117 | +58.1% |
4 Bedrooms | 26 | 33 | +26.9% |
5+ Bedrooms | 4 | 14 | +250.0% |
Summary: The Ballard housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.1%, 2 bedroom homes increased by 48.4%, 3 bedroom homes increased by 58.1%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 79 | +25.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Ballard in May 2024, up by 25.4% month-over-month. Of the 79 sold homes, 19% were sold under asking, 38% were sold at asking, and 43% were sold over asking.
Days on Market for Ballard, WA
How long does it take to sell a home in Ballard, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 15 Days | -51.1% |
Summary: Homes in Ballard had an average of 15 days on market in May 2024, down by 51.1% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 79 homes were sold in Ballard; 84% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.