Introduction

Hello, fellow real estate enthusiasts! Welcome back to our monthly report on Yakima’s housing market. Today, on August 2, 2023, we’ll be diving into the latest sales data for single-family homes in Yakima for the month of July 2023.

Overview of Transactions

In July 2023, the real estate market in Yakima witnessed a total of 78 transactions for single-family homes. This indicates a vibrant and active market, with a substantial number of buyers and sellers participating in property transactions.

Average Sales Price

The average sales price for single-family homes in Yakima during July 2023 was $411,400. This figure represents the sum of all the sale prices divided by the total number of transactions. It provides us with a general idea of the price range for homes in the area and reflects the overall health of the real estate market.

Median Sales Price

The median sales price for single-family homes in Yakima last month was $372,500. The median value represents the middle point of all the sale prices, arranged in ascending order. Unlike the average, the median is not influenced by extreme values, making it a reliable indicator of typical home prices in the area.

Average Price Per Square Foot

For those who value property size and want to know the cost per square foot, the average price was calculated at $209.04. This value is obtained by dividing the average sales price by the average square footage of the homes sold in July 2023.

Median Price Per Square Foot

Another important metric is the median price per square foot, which gives us the middle point of all price per square foot values. In Yakima’s real estate market, the median price per square foot was $209.78 in July 2023.

Conclusion

To conclude, Yakima’s real estate market showed promising figures in July 2023, with 78 total transactions for single-family homes. The average sales price of $411,400 and the median sales price of $372,500 indicate a competitive market with a diverse range of properties available.

Buyers and sellers alike should take note of the average and median price per square foot values, which were $209.04 and $209.78, respectively. These numbers provide valuable insights into the cost of living space in Yakima and can guide decisions related to property investments.

Remember, the real estate market is dynamic, and these statistics are subject to change over time. Keep following our blog to stay updated on Yakima’s real estate trends and make informed decisions when it comes to buying or selling your property.

Thank you for reading, and we’ll see you next month with more exciting updates!