Newcastle WA Housing Market
Newcastle, WA February 2026 Housing Market
January 2026 was a Neutral market! The number of for sale listings was up 64.3% from one year earlier and up 9.5% from the previous month. The number of sold listings decreased 41.7% year over year and decreased 58.8% month over month. The number of under contract listings was up 70% compared to previous month and up 466.7% compared to previous year. The Months of Inventory based on Closed Sales was 3.3, up 180% from the previous year.
The Average Sold Price per Square Footage was down 8.2% compared to previous month and up 1.2% compared to last year. The Median Sold Price decreased by 31.5% from last month. The Average Sold Price also decreased by 14.9% from last month. Based on the 6 month trend, the Average Sold Price trend was "Neutral" and the Median Sold Price trend was "Neutral".
The Average Days on Market showed a downward trend, a decrease of 32.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 98%, a decrease of 1% compared to previous year.
Video edited on Kapwing
It was a Neutral Market
Property Sales (Sold)
January property sales were 7, down 41.7% from 12 in January of 2025 and 58.8% lower than the 17 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 9 units of 64.3%. 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 9.5% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 70% in the pended properties in January, with 17 properties versus 10 last month. This month's pended property sales were 466.7% higher than at this time last year.
All reports are published February 2026, based on data available at the end of January 2026, 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 January 2026 Average Sold Price per Square Footage of $582 was down 8.2% from $634 last month and up 1.2% from $575 in January of last year.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
The Days on Market Showed Downward 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 January 2026 was 44, down 44.3% from 79 days last month and down 32.3% from 65 days in January of last year.
The Sold/Original List Price Ratio was Rising**
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 the same as last month and down from 1% % in January of last year.
* Based on 6 month trend - Upward/Downward/Neutral
** Based on 6 month trend – Rising/Falling/Remains Steady
All reports are published February 2026, based on data available at the end of January 2026, 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 January was $2,033,000, down 0.8% from $2,049,000 in January of 2025 and up 4.1% from $1,952,000 last month
The Average Sold Price was Neutral*
The Average Sold Price in January was $1,780,000, down 11.6% from $2,014,000 in January of 2025 and down 14.9% from $2,091,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in January was $1,670,000, down 18.4% from $2,047,000 in January of 2025 and down 31.5% from $2,439,000 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 January 2026 Months of Inventory based on Closed Sales of 3.3 was increased by 180% compared to last year and up 170% compared to last month. January 2026 was Neutral market.
Months of Inventory based on Pended Sales
The January 2026 Months of Inventory based on Pended Sales of 1.4 was decreased by 70.7% compared to last year and down 33.3% compared to last month. January 2026 was Seller's market.
All reports are published February 2026, based on data available at the end of January 2026, 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 January 2026 Absorption Rate based on Closed Sales of 30.4 was decreased by 64.5% compared to last year and down 62.5% compared to last month.
Absorption Rate based on Pended Sales
The January 2026 Absorption Rate based on Pended Sales of 73.9 was increased by 245% compared to last year and up 55.2% compared to last month.
All reports are published February 2026, based on data available at the end of January 2026, 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.
