If you are looking to buy or sell real estate in Lynden, WA, it is incredibly important to know what the current market conditions look like. As a seller, this helps you gauge what your asking price is as well as how many days Lynden, WA homes for sale are sitting on the market. As a buyer, you will have a rough idea of who the market is in favor of (the seller or the buyer) and what price point you are looking at spending.
According to the Northwest Multiple Listing Service’s statistical reporting site, Lynden, WA real estate is still in a sellers market at 2.8. Anything under a 4 is considered a sellers market which means inventory is low and prices are higher. Additionally, the median sold price for Lynden, WA real estate is $300,000 which is up 5.3% compared to this time last year. The days on the market have decreased from 34 last year to 27 this year. That is a difference of about a week. In fact, it is not uncommon to see Lynden, WA homes for sale accepting offers within a week of listing. Closed sales have also increased by about 4.1% compared to last year. While the amount of current homes for sale in Lynden, WA has actually decreased by about 8.6% the amount of pending sales has actually increased by 14.7%. Price per square foot has also increased by 11.3%.
If you are thinking about buying or selling Lynden, WA real estate, let’s discuss the current market conditions and what they mean for you. Give me a call at 360-410-0848.