Is Loon Lake, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Loon Lake was a Buyer's Market.
Housing Prices in Loon Lake, WA
How much do homes in Loon Lake, WA cost?
Median Sold Price
$562,500
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Loon Lake was $562,500 in May 2024, up 2.3% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $477.5K | $302K | -36.7% |
2 Bedrooms | $295K | $410K | +39.0% |
3 Bedrooms | $531K | $540.2K | +1.7% |
4 Bedrooms | $545K | $537.8K | -1.3% |
5+ Bedrooms | $659K | $682.5K | +3.6% |
Summary: Loon Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Loon Lake | $550K | $562.5K | +2.3% |
Nine Mile Falls | $610.2K | $600K | -1.7% |
Housing Supply in Loon Lake, WA
How many homes are available in Loon Lake, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 52 | +18.2% |
Summary: The Loon Lake real estate market had 52 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 12 | 16 | +33.3% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Loon Lake 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 increased by 40%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Loon Lake in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Loon Lake, WA
How long does it take to sell a home in Loon Lake, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 48 Days | +203.8% |
Summary: Homes in Loon Lake had an average of 48 days on market in May 2024, up by 203.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Loon Lake; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.