Newcastle, WA Housing Market
Newcastle, WA November 2025 Housing Market
October 2025 was a Seller's market! The number of for sale listings was up 35% from one year earlier and down 18.2% from the previous month. The number of sold listings increased 100% year over year and decreased 21.7% month over month. The number of under contract listings was down 25% compared to previous month and up 157.1% compared to previous year. The Months of Inventory based on Closed Sales was 1.5, down 31.5% from the previous year.
The Average Sold Price per Square Footage was down 4% compared to previous month and down 5% compared to last year. The Median Sold Price decreased by 11.3% from last month. The Average Sold Price also decreased by 8.2% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Depreciating".
The Average Days on Market showed a neutral trend, an increase of 83.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 94%, a decrease of 6% compared to previous year.
Video edited on Kapwing
It was a Seller's Market
Property Sales (Sold)
October property sales were 18, up 100% from 9 in October of 2024 and 21.7% 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 7 units of 35%. 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 18.2% compared to the previous month.
Property Under Contract (Pended)
There was a decrease of 25% in the pended properties in October, with 18 properties versus 24 last month. This month's pended property sales were 157.1% higher than at this time last year.
All reports are published November 2025, based on data available at the end of October 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 October 2025 Average Sold Price per Square Footage of $571 was down 4% from $595 last month and down 5% from $601 in October 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 October 2025 was 55, down 39.6% from 91 days last month and up 83.3% from 30 days in October 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 94% was down 1.1% % from last month and down from 6% % in October of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published November 2025, based on data available at the end of October 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 October was $1,981,000, down 5.7% from $2,100,000 in October of 2024 and down 5.4% from $2,095,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in October was $1,628,000, up 6.2% from $1,533,000 in October of 2024 and down 8.2% from $1,773,000 last month.
The Median Sold Price was Depreciating*
The Median Sold Price in October was $1,508,000, down 1.2% from $1,526,000 in October of 2024 and down 11.3% from $1,701,000 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 October 2025 Months of Inventory based on Closed Sales of 1.5 was decreased by 31.5% compared to last year and up 7% compared to last month. October 2025 was Seller's market.
Months of Inventory based on Pended Sales
The October 2025 Months of Inventory based on Pended Sales of 1.5 was decreased by 49% compared to last year and up 7.3% compared to last month. October 2025 was Seller's market.
All reports are published November 2025, based on data available at the end of October 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 October 2025 Absorption Rate based on Closed Sales of 66.7 was increased by 48.2% compared to last year and down 4.3% compared to last month.
Absorption Rate based on Pended Sales
The October 2025 Absorption Rate based on Pended Sales of 66.7 was increased by 90.6% compared to last year and down 8.3% compared to last month.
All reports are published October 2025, based on data available at the end of September 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.
