Newcastle, WA July 2025 Housing Market
June 2025 was a Neutral market! The number of for sale listings was up 135% from one year earlier and up 51.6% from the previous month. The number of sold listings decreased 21.4% year over year and decreased 52.2% month over month. The number of under contract listings was down 18.7% compared to previous month and up 18.2% compared to previous year. The Months of Inventory based on Closed Sales was 4.3, up 203% from the previous year.
The Average Sold Price per Square Footage was down 7% compared to previous month and down 7.7% compared to last year. The Median Sold Price decreased by 11.8% from last month. The Average Sold Price also decreased by 5.5% 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 260% compared to previous year. The ratio of Sold Price vs. Original List Price was 100%, a decrease of 1% compared to previous year.
Video edited on Kapwing
It was a Neutral Market
Property Sales (Sold)
June property sales were 11, down 21.4% from 14 in June of 2024 and 52.2% lower than the 23 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 27 units of 135%. 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 up 51.6% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 18.7% in the pended properties in June, with 13 properties versus 16 last month. This month's pended property sales were 18.2% higher than at this time last year.
All reports are published July 2025, based on data available at the end of June 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 June 2025 Average Sold Price per Square Footage of $554 was down 7% from $596 last month and down 7.7% from $600 in June 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 June 2025 was 36, up 24.1% from 29 days last month and up 260% from 10 days in June 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 100% was the same as last month and down from 1% % in June of last year.
* Based on 6 month trend – Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published July 2025, based on data available at the end of June 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 Depreciating*
The Average For Sale Price in June was $1,963,000, up 4% from $1,887,000 in June of 2024 and down 8.8% from $2,153,000 last month.
The Average Sold Price was Depreciating*
The Average Sold Price in June was $1,795,000, down 1.1% from $1,815,000 in June of 2024 and down 5.5% from $1,900,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in June was $1,780,000, up 3.1% from $1,727,000 in June of 2024 and down 11.8% from $2,019,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Neutral 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 June 2025 Months of Inventory based on Closed Sales of 4.3 was increased by 203% compared to last year and up 222.6% compared to last month. June 2025 was Neutral market.
Months of Inventory based on Pended Sales
The June 2025 Months of Inventory based on Pended Sales of 3.6 was increased by 99% compared to last year and up 87.7% compared to last month. June 2025 was Neutral market.
All reports are published July 2025, based on data available at the end of June 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 Neutral 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 June 2025 Absorption Rate based on Closed Sales of 23.4 was decreased by 66.6% compared to last year and down 68.5% compared to last month.
Absorption Rate based on Pended Sales
The June 2025 Absorption Rate based on Pended Sales of 27.7 was decreased by 49.6% compared to last year and down 46.3% compared to last month.
All reports are published July 2025, based on data available at the end of June 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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