Is Mill Creek, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mill Creek has remained a Seller's Market.
Housing Prices in Mill Creek, WA
How much do homes in Mill Creek, WA cost?
Median Sold Price
$899,000
$447/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mill Creek was $899,000 in April 2024, up 0.4% from last year, and the median price per square foot was $447.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $379K | $325K | -14.2% |
2 Bedrooms | $604K | $630K | +4.3% |
3 Bedrooms | $839.9K | $886K | +5.5% |
4 Bedrooms | $1.1M | $1.0M | -7.1% |
5+ Bedrooms | $1.1M | $1.4M | +19.2% |
Summary: Mill Creek housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in Mill Creek, WA
How many homes are available in Mill Creek, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 52 | +4.0% |
Summary: The Mill Creek real estate market had 52 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 0 | -100.0% |
2 Bedrooms | 7 | 6 | -14.3% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Mill Creek housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 20 | +11.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Mill Creek in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.
Days on Market for Mill Creek, WA
How long does it take to sell a home in Mill Creek, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 5 Days | -87.8% |
Summary: Homes in Mill Creek had an average of 5 days on market in Apr 2024, down by 87.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Mill Creek; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.