Is Stanwood, 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, Stanwood has remained a Seller's Market.
Key Takeaway
Stanwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stanwood, WA
How much do homes in Stanwood, WA cost?
Median Sold Price
$669,950
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Stanwood have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Stanwood was $669,950 in May 2024, up 11.7% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $385K | +6.9% |
| 2 Bedrooms | $450K | $485K | +7.8% |
| 3 Bedrooms | $565K | $639.9K | +13.3% |
| 4 Bedrooms | $685K | $702.4K | +2.5% |
| 5+ Bedrooms | $725K | $739.9K | +2.1% |
Summary: Stanwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 2.1%.
Housing Supply in Stanwood, WA
How many homes are available in Stanwood, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 104 | +15.6% |
Summary: The Stanwood real estate market had 104 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 31 | 38 | +22.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Stanwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stanwood, expect to pay close to the asking price. 58.6% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Stanwood in May 2024, up by 3.6% month-over-month. Of the 29 sold homes, 10% were sold under asking, 59% were sold at asking, and 31% were sold over asking.
Days on Market for Stanwood, WA
How long does it take to sell a home in Stanwood, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 10 Days | -75.9% |
Summary: Homes in Stanwood had an average of 10 days on market in May 2024, down by 75.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stanwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Stanwood; 97% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% 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.