Is Malone-Porter, 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, Malone-Porter has remained a Seller's Market.
Key Takeaway
Malone-Porter is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Malone-Porter, WA
How much do homes in Malone-Porter, WA cost?
Median Sold Price
$439,900
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Malone-Porter have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Malone-Porter was $439,900 in May 2024, down 14.2% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $127K | - | N/A |
| 2 Bedrooms | $430K | $220K | -48.8% |
| 3 Bedrooms | $587.5K | $500K | -14.9% |
| 4 Bedrooms | $662.5K | $600K | -9.4% |
| 5+ Bedrooms | - | $635K | N/A |
Summary: Malone-Porter 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 48.8%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Olympia West | $579.9K | $588.7K | +1.5% |
| Thurston South | $454.8K | $455.9K | 0.2% |
| Malone-Porter | $513K | $439.9K | -14.2% |
Housing Supply in Malone-Porter, WA
How many homes are available in Malone-Porter, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Summary: The Malone-Porter real estate market had 11 homes for sale in May 2024, a 37.5% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Malone-Porter 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 100%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Malone-Porter, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Malone-Porter in May 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Malone-Porter, WA
How long does it take to sell a home in Malone-Porter, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 70 Days | +30.6% |
Summary: Homes in Malone-Porter had an average of 70 days on market in May 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Malone-Porter are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Malone-Porter; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.