Team Luxe Real Estate | Market Insights

Suquamish, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/


Current active inventory in Suquamish, WA is very low. Keep this in mind when looking at this report.

Suquamish, WA

Thu Nov 21 2024
This week the median list price for Suquamish, WA is $425,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has decreased to 3. Click here to stay informed with the Suquamish market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Suquamish, WA

Thu Nov 21 2024
This week the median list price for Suquamish, WA is $425,000 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has decreased to 3. Click here to stay informed with the Suquamish market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Suquamish market.
Median List Price $425,000
Median Price of New Listings $0
Per Square Foot $328
Average Days on Market 21
Median Days on Market 28
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 61
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
N/A N/A N/A N/A N/A N/A N/A N/A N/A
$1,295,000 3,940 0.25 - 0.5 acre 3 4 20 0 0 28
$425,000 819 6,500 - 8,000 sqft 2 1 104 0 0 7
$284,000 1,768 4,500 - 6,500 sqft 2 2 34 0 0 28