Welcome, young readers and future home sellers! If you have a 1-bedroom home in Yakima and you’re thinking about selling it, you’ve come to the right place. Today, we’re going to explore some recent trends in the real estate market that could help you make smart decisions when selling your home. Let’s get started by breaking down some important numbers and what they mean for you.

Recent Trends for 1-Bedroom Homes in Yakima

In the past 90 days, there have been 4 sales of 1-bedroom homes in Yakima. This number might seem small, but it gives us valuable insight into the market for homes like yours.

Understanding Days on Market (DOM)

The term “Days on Market” (DOM) is really important when we talk about selling homes. It tells us how many days a home is listed for sale before it actually sells. For 1-bedroom homes in Yakima, the average DOM was 32 days, and the median was 34 days. This means that half of the homes sold faster than 34 days, and half took longer. Interestingly, 2 of the 4 homes sold were on the market for longer than the average, showing that some homes take a bit more time to sell.

Price Per Square Foot and Selling Prices

When selling a home, how much money you can get per square foot is a key factor. For 1-bedroom homes sold in the last 90 days, the price per square foot ranged from $89.29 to $326.86. This is a big range and shows that location, condition, and features of your home can really affect the price. The average selling price for these homes was $122,500, which was also the median selling price. This tells us that the selling prices were quite consistent for 1-bedroom homes in Yakima.

How Can This Information Help You?

If you’re planning to sell your 1-bedroom home in Yakima, these insights can guide you through the process. Here’s how:

Tips for Selling Your 1-Bedroom Home

• Be Patient: With an average DOM of 32 days, your home might not sell overnight. It’s important to be patient and give buyers enough time to discover your listing.
• Price It Right: Knowing the average and median selling prices, along with the range for price per square foot, can help you set a realistic and competitive price for your home.
• Highlight the Best Features: If your home has special features or is in a great location, make sure these are highlighted in your listing to attract more buyers and possibly get a higher price.

Understanding the market is key to successfully selling your home. By using the data and tips we’ve discussed, you’ll be better prepared to sell your 1-bedroom home in Yakima. Good luck!