Is Hoquiam, 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, Hoquiam has remained a Seller's Market.
Key Takeaway
Hoquiam is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hoquiam, WA
How much do homes in Hoquiam, WA cost?
Median Sold Price
$250,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hoquiam have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Hoquiam was $250,000 in May 2024, up 0.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $100K | -18.4% |
| 2 Bedrooms | $207K | $227.7K | +10.0% |
| 3 Bedrooms | $253K | $260K | +2.8% |
| 4 Bedrooms | $266.8K | $232.5K | -12.9% |
| 5+ Bedrooms | $280K | $300K | +7.1% |
Summary: Hoquiam housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Aberdeen | $257.5K | $281.5K | +9.3% |
| Aberdeen-Hoquiam | $260K | $265K | +1.9% |
| Hoquiam | $248K | $250K | +0.8% |
Housing Supply in Hoquiam, WA
How many homes are available in Hoquiam, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 61 | +19.6% |
Summary: The Hoquiam real estate market had 61 homes for sale in May 2024, a 19.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 33 | 34 | +3.0% |
| 4 Bedrooms | 8 | 15 | +87.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hoquiam housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 87.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hoquiam, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Hoquiam in May 2024, up by 57.1% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for Hoquiam, WA
How long does it take to sell a home in Hoquiam, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 22 Days | -47.5% |
Summary: Homes in Hoquiam had an average of 22 days on market in May 2024, down by 47.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hoquiam are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Hoquiam; 73% of homes were sold within 30 days, 27% 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. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.