Is Newcastle, 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, Newcastle has remained a Seller's Market.
Housing Prices in Newcastle, WA
How much do homes in Newcastle, WA cost?
Median Sold Price
$1,532,000
$546/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Newcastle was $1,532,000 in May 2024, up 13.9% from last year, and the median price per square foot was $546.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $393.5K | $410K | +4.2% |
2 Bedrooms | $519.5K | $477.5K | -8.1% |
3 Bedrooms | $1.0M | $1.1M | +10.3% |
4 Bedrooms | $1.4M | $1.6M | +14.3% |
5+ Bedrooms | $1.8M | $2.0M | +10.5% |
Summary: Newcastle housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
Newcastle | $1.3M | $1.5M | +13.9% |
Seattle East | $1.0M | $1.2M | +12.2% |
Bellevue | $1.3M | $1.4M | +10.8% |
Renton | $674.9K | $740K | +9.6% |
Housing Supply in Newcastle, WA
How many homes are available in Newcastle, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 53 | +6.0% |
Summary: The Newcastle real estate market had 53 homes for sale in May 2024, a 6.0% 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 | 2 | 4 | +100.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Newcastle 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 11.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 19 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Newcastle in May 2024, the same as the previous month. Of the 19 sold homes, 26% were sold under asking, 26% were sold at asking, and 47% were sold over asking.
Days on Market for Newcastle, WA
How long does it take to sell a home in Newcastle, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 16 Days | +60.4% |
Summary: Homes in Newcastle had an average of 16 days on market in May 2024, up by 60.4% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Newcastle; 89% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.