Is Puget Island, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Puget Island is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Puget Island has remained a Buyer's Market.

Key Takeaway

Puget Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Puget Island, WA

How much do homes in Puget Island, WA cost?

Median Sold Price

$450,000

$337/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$25,000(-5.3%)

Key Takeaway

Homes in Puget Island have sold for 5.3% less than they did a month ago.

Summary: The median home sold price in Puget Island was $450,000 in May 2024, down 5.3% from last month, and the median price per square foot was $337.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 -$450K
N/A
4 $475K-
N/A
5+ --
N/A

Summary: Puget Island housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Puget Island, WA

How many homes are available in Puget Island, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1716-5.9%

Summary: The Puget Island real estate market had 16 homes for sale in May 2024, a 5.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 99
0.0%
4 76
-14.3%
5+ 00
0.0%

Summary: The Puget Island 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 remained the same, 4 bedroom homes decreased by 14.3%, 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 Puget Island, 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 Puget Island 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 Puget Island, WA

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

Average Sale Time

Apr 2024May 2024CHANGE
15 Days73 Days+386.7%

Summary: Homes in Puget Island had an average of 73 days on market in May 2024, up by 386.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Puget Island has remained consistent over time.

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

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