Is Prune Hill, 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, Prune Hill has remained a Seller's Market.
Housing Prices in Prune Hill, WA
How much do homes in Prune Hill, WA cost?
Median Sold Price
$735,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prune Hill was $735,000 in May 2024, up 1.4% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $572.5K | $595K | +3.9% |
3 Bedrooms | $622.2K | $625K | 0.4% |
4 Bedrooms | $741K | $777.5K | +4.9% |
5+ Bedrooms | $950K | $862.5K | -9.2% |
Summary: Prune Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in Prune Hill, WA
How many homes are available in Prune Hill, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 63 | +16.7% |
Summary: The Prune Hill real estate market had 63 homes for sale in May 2024, a 16.7% 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 | 4 | 1 | -75.0% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 24 | 31 | +29.2% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Prune Hill 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 decreased by 75%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Prune Hill in May 2024, down by 25.0% month-over-month. Of the 15 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Prune Hill, WA
How long does it take to sell a home in Prune Hill, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 29 Days | +57.6% |
Summary: Homes in Prune Hill had an average of 29 days on market in May 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Prune Hill; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.