Is Shelton, 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, Shelton has remained a Seller's Market.
Housing Prices in Shelton, WA
How much do homes in Shelton, WA cost?
Median Sold Price
$385,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shelton was $385,000 in May 2024, up 5.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216K | $290K | +34.3% |
2 Bedrooms | $290.2K | $350K | +20.6% |
3 Bedrooms | $362.4K | $387K | +6.8% |
4 Bedrooms | $435.5K | $493.2K | +13.3% |
5+ Bedrooms | $416K | $449K | +7.9% |
Summary: Shelton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.3%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Shelton, WA
How many homes are available in Shelton, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
191 | 227 | +18.8% |
Summary: The Shelton real estate market had 227 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 8 | -20.0% |
2 Bedrooms | 58 | 64 | +10.3% |
3 Bedrooms | 101 | 128 | +26.7% |
4 Bedrooms | 19 | 23 | +21.1% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Shelton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 52 | +36.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Shelton in May 2024, up by 36.8% month-over-month. Of the 52 sold homes, 40% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for Shelton, WA
How long does it take to sell a home in Shelton, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 34 Days | -24.6% |
Summary: Homes in Shelton had an average of 34 days on market in May 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Shelton; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.