Is Black Diamond, 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, Black Diamond was a Seller'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 May 2023
Summary: The median home sold price in Black Diamond was $848,883 in May 2024, up 6.2% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.3M | $440K | -66.2% |
2 Bedrooms | $484.9K | $699.9K | +44.3% |
3 Bedrooms | $649.9K | $695K | +6.9% |
4 Bedrooms | $799.9K | $926K | +15.8% |
5+ Bedrooms | $931.9K | $955K | +2.5% |
Summary: Black Diamond housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.2%, 2 bedroom homes increased by 44.3%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Kent | $599.9K | $644.6K | +7.4% |
Black Diamond | $799.4K | $848.8K | +6.2% |
Maple Valley | $740.3K | $759.2K | +2.6% |
Enumclaw Plateau | $699.5K | $708.3K | +1.3% |
Housing Supply in Black Diamond, WA
How many homes are available in Black Diamond, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
52 | 71 | +36.5% |
Summary: The Black Diamond real estate market had 71 homes for sale in May 2024, a 36.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 12 | 24 | +100.0% |
4 Bedrooms | 15 | 21 | +40.0% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Black Diamond housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Black Diamond in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 22 Days | -46.4% |
Summary: Homes in Black Diamond had an average of 22 days on market in May 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Black Diamond; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.