Is Belfair, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Belfair was a Seller's Market.
Housing Prices in Belfair, WA
How much do homes in Belfair, WA cost?
Median Sold Price
$455,500
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Belfair was $455,500 in April 2024, up 3.5% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $445K | $250K | -43.8% |
2 Bedrooms | $377.5K | $520K | +37.7% |
3 Bedrooms | $443K | $419K | -5.4% |
4 Bedrooms | $632.5K | $515K | -18.6% |
5+ Bedrooms | $740K | $519.9K | -29.7% |
Summary: Belfair housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.8%, 2 bedroom homes increased by 37.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 18.6%, and 5+ bedroom homes decreased by 29.7%.
Median Sold Price Compared To Nearby Cities
Allyn | $505K | $535K | +5.9% |
Belfair | $440K | $455.5K | +3.5% |
Union-Grapeview | $450K | $465K | +3.3% |
Belfair-Tahuya | $437.5K | $442K | +1.0% |
Tahuya | $379K | $380K | 0.3% |
Housing Supply in Belfair, WA
How many homes are available in Belfair, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 54 | -3.6% |
Summary: The Belfair real estate market had 54 homes for sale in April 2024, a 3.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 35 | 30 | -14.3% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Belfair housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 8 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Belfair in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% were sold over asking.
Days on Market for Belfair, WA
How long does it take to sell a home in Belfair, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 34 Days | -49.8% |
Summary: Homes in Belfair had an average of 34 days on market in Apr 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Belfair; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.