Newcastle, WA Housing Market
Newcastle, WA January 2026 Housing Market
December 2025 was a Seller's market! The number of for sale listings was up 75% from one year earlier and down 12.5% from the previous month. The number of sold listings increased 112.5% year over year and increased 30.8% month over month. The number of under contract listings was down 9.1% compared to previous month and up 42.9% compared to previous year. The Months of Inventory based on Closed Sales was 1.2, down 20% from the previous year.
The Average Sold Price per Square Footage was up 7.3% compared to previous month and up 18.9% compared to last year. The Median Sold Price increased by 70.6% from last month. The Average Sold Price also increased by 29.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Appreciating".
The Average Days on Market showed a neutral trend, an increase of 690% compared to previous year. The ratio of Sold Price vs. Original List Price was 98%, an increase of 1% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
December property sales were 17, up 112.5% from 8 in December of 2024 and 30.8% higher than the 13 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 9 units of 75%. 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 down 12.5% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 9.1% in the pended properties in December, with 10 properties versus 11 last month. This month's pended property sales were 42.9% higher than at this time last year.
All reports are published January 2026, based on data available at the end of December 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 Appreciating*
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 December 2025 Average Sold Price per Square Footage of $634 was up 7.3% from $591 last month and up 18.9% from $533 in December 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 December 2025 was 79, up 17.9% from 67 days last month and up 690% from 10 days in December of last year.
The Sold/Original List Price Ratio Remains Steady**
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 98% was up 2.1% % from last month and up from 1% % in December of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published January 2026, based on data available at the end of December 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 December was $1,952,000, down 20.2% from $2,447,000 in December of 2024 and down 3.5% from $2,023,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in December was $2,091,000, up 18.1% from $1,770,000 in December of 2024 and up 29.2% from $1,618,000 last month.
The Median Sold Price was Appreciating*
The Median Sold Price in December was $2,439,000, up 47.8% from $1,650,000 in December of 2024 and up 70.6% from $1,430,000 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 December 2025 Months of Inventory based on Closed Sales of 1.2 was decreased by 20% compared to last year and down 32.5% compared to last month. December 2025 was Seller's market.
Months of Inventory based on Pended Sales
The December 2025 Months of Inventory based on Pended Sales of 2.1 was increased by 23.3% compared to last year and down 4.6% compared to last month. December 2025 was Seller's market.
All reports are published January 2026, based on data available at the end of December 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 December 2025 Absorption Rate based on Closed Sales of 81 was increased by 21.4% compared to last year and up 49.5% compared to last month.
Absorption Rate based on Pended Sales
The December 2025 Absorption Rate based on Pended Sales of 47.6 was decreased by 18.3% compared to last year and up 3.9% compared to last month.
All reports are published January 2026, based on data available at the end of December 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.
