Is Graham, 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, Graham has remained a Seller's Market.
Key Takeaway
Graham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Graham, WA
How much do homes in Graham, WA cost?
Median Sold Price
$541,316
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Graham have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Graham was $541,316 in May 2024, up 4.5% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | $367.5K | +53.1% |
| 2 Bedrooms | $419K | $428.5K | +2.3% |
| 3 Bedrooms | $500K | $505K | +1.0% |
| 4 Bedrooms | $570K | $577.5K | +1.3% |
| 5+ Bedrooms | $537.9K | $567.9K | +5.6% |
Summary: Graham housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 53.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Graham | $518K | $541.3K | +4.5% |
| Spanaway | $465K | $484.8K | +4.3% |
| Graham-Thrift | $529.9K | $538.6K | +1.6% |
| Orting | $523.9K | $530K | +1.1% |
| Mount Rainier | $554.9K | $540K | -2.7% |
Housing Supply in Graham, WA
How many homes are available in Graham, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 129 | 146 | +13.2% |
Summary: The Graham real estate market had 146 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 57 | 67 | +17.5% |
| 4 Bedrooms | 52 | 59 | +13.5% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Graham housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 27 | -18.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Graham, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Graham in May 2024, down by 18.2% month-over-month. Of the 27 sold homes, 15% were sold under asking, 37% were sold at asking, and 48% were sold over asking.
Days on Market for Graham, WA
How long does it take to sell a home in Graham, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 14 Days | -6.3% |
Summary: Homes in Graham had an average of 14 days on market in May 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Graham are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Graham; 93% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 4% 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.