Is Belfair, 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, Belfair has remained a Seller's Market.
Key Takeaway
Belfair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Belfair, WA
How much do homes in Belfair, WA cost?
Median Sold Price
$450,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Belfair have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in Belfair was $450,000 in May 2024, up 2.3% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | $431.7K | +8.6% |
| 2 Bedrooms | $389K | $479.5K | +23.3% |
| 3 Bedrooms | $441.7K | $415K | -6.1% |
| 4 Bedrooms | $732.5K | $512.4K | -30.0% |
| 5+ Bedrooms | $740K | $519.9K | -29.7% |
Summary: Belfair housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Allyn | $507K | $535K | +5.5% |
| Belfair | $440K | $450K | +2.3% |
| Union-Grapeview | $455K | $461K | +1.3% |
| Belfair-Tahuya | $440K | $440K | 0.0% |
| Tahuya | $381.9K | $375.5K | -1.7% |
Housing Supply in Belfair, WA
How many homes are available in Belfair, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 69 | +9.5% |
Summary: The Belfair real estate market had 69 homes for sale in May 2024, a 9.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Belfair housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 24 | +200.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belfair, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Belfair in May 2024, up by 200.0% month-over-month. Of the 24 sold homes, 17% were sold under asking, 50% were sold at asking, and 33% were sold over asking.
Days on Market for Belfair, WA
How long does it take to sell a home in Belfair, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 43 Days | +101.3% |
Summary: Homes in Belfair had an average of 43 days on market in May 2024, up by 101.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belfair are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 24 homes were sold in Belfair; 54% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 21% 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.