Newcastle, WA September 2025 Housing Market
August 2025 was a Seller's market! The number of for sale listings was up 117.6% from one year earlier and the same as the previous month. The number of sold listings decreased 38.1% year over year and the same month over month. The number of under contract listings was down 35% compared to previous month and up 8.3% compared to previous year. The Months of Inventory based on Closed Sales was 2.8, up 247.1% from the previous year.
The Average Sold Price per Square Footage was up 3.1% compared to previous month and up 7.2% compared to last year. The Median Sold Price decreased by 21.6% from last month. The Average Sold Price also decreased by 25.7% from last month. Based on the 6 month trend, the Average Sold Price trend was "Depreciating" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a neutral trend, an increase of 118.8% compared to previous year. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 5.1% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
August property sales were 13, down 38.1% from 21 in August of 2024 and the same as sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 20 units of 117.6%. This year's bigger inventory means that buyers who waited to buy may have bigger selection to choose from. The number of current inventory was the same as the previous month.
Property Under Contract (Pended)
There was a decrease of 35% in the pended properties in August, with 13 properties versus 20 last month. This month's pended property sales were 8.3% higher than at this time last year.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average Sold Price per Square Footage was Neutral*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the 'mix' of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The August 2025 Average Sold Price per Square Footage of $569 was up 3.1% from $552 last month and up 7.2% from $531 in August of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Neutral Trend*
The average Days on Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM trends to indicate a move towards more of a Buyer’s market, a downward trend indicates a move towards more of a Seller’s market. The DOM for August 2025 was 35, down 36.4% from 55 days last month and up 118.8% from 16 days in August of last year.
The Sold/Original List Price Ratio was Falling**
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. This month Sold Price vs. Original List Price of 94% was down 5.1% from last month and down from 5.1% in August of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
The Average For Sale Price was Neutral*
The Average For Sale Price in August was $2,012,000, up 7.5% from $1,872,000 in August of 2024 and up 2.7% from $1,960,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in August was $1,518,000, down 18.3% from $1,858,000 in August of 2024 and down 25.7% from $2,042,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in August was $1,450,000, down 25.4% from $1,943,000 in August of 2024 and down 21.6% from $1,850,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The August 2025 Months of Inventory based on Closed Sales of 2.8 was increased by 247.1% compared to last year and the same compared to last month. August 2025 was Seller's market.
Months of Inventory based on Pended Sales
The August 2025 Months of Inventory based on Pended Sales of 2.8 was increased by 98.8% compared to last year and up 48.6% compared to last month. August 2025 was Seller's market.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
It was a Seller's Market*
Absorption Rate measures the inverse of Months of Inventory and represents how much of the current active listings (as a percentage) are being absorbed each month.
*Buyer’s market: 16.67% and below
Seller’s market: 33.33% and above
Neutral market: 16.67% - 33.33%
Absorption Rate based on Closed Sales
The August 2025 Absorption Rate based on Closed Sales of 35.1 was decreased by 71.6% compared to last year and the same compared to last month.
Absorption Rate based on Pended Sales
The August 2025 Absorption Rate based on Pended Sales of 35.1 was decreased by 50.3% compared to last year and down 35.2% compared to last month.
All reports are published September 2025, based on data available at the end of August 2025, except for the today’s stats. Information and statistics derived from Northwest Multiple Listing Service. Neither the Board or its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.
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