Is Chinook, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chinook is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Chinook was a Seller's Market.

Key Takeaway

Chinook is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chinook, WA

How much do homes in Chinook, WA cost?

Median Sold Price

$300,925

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$149,075(-33.1%)

Key Takeaway

Homes in Chinook have sold for 33.1% less than they did a year ago.

Summary: The median home sold price in Chinook was $300,925 in May 2024, down 33.1% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $382.5K$177K
-53.7%
3 $670K$477K
-28.8%
4 $525K$510K
-2.9%
5+ --
N/A

Summary: Chinook 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 decreased by 53.7%, 3 bedroom homes decreased by 28.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Naselle
-10.1%
Chinook
-33.1%

Housing Supply in Chinook, WA

How many homes are available in Chinook, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
56+20.0%

Summary: The Chinook real estate market had 6 homes for sale in May 2024, a 20.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 22
0.0%
3 12
+100.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Chinook 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chinook, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Chinook in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Chinook, WA

How long does it take to sell a home in Chinook, WA?

Average Sale Time

May 2023May 2024CHANGE
18 Days217 Days+1105.6%

Summary: Homes in Chinook had an average of 217 days on market in May 2024, up by 1105.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Chinook are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Chinook; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Chinook, WA

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