George Moorhead | Newcastle WA Real Estate
Newcastle, WA November 2026 Housing Market
INVENTORY
RATE
October 2026 was a Neutral market! The number of for sale listings was up 25.9% from one year earlier and down 2.9% from the previous month. The number of sold listings decreased 61.1% year over year and decreased 22.2% month over month. The number of under contract listings was up 44.4% compared to previous month and down 23.5% compared to previous year. The Months of Inventory based on Closed Sales was 4.9, up 226.7% from the previous year.
The Average Sold Price per Square Footage was up 6.3% compared to previous month and up 0.2% compared to last year. The Median Sold Price decreased by 9.4% from last month. The Average Sold Price also decreased by 0.1% 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 neutral trend, a decrease of 7.3% compared to previous year. The ratio of Sold Price vs. Original List Price was 99%, an increase of 5.3% compared to previous year.
It was a Neutral Market
Property Sales (Sold)
October property sales were 7, down 61.1% from 18 in October of 2025 and 22.2% lower than the 9 sales last month.
Current Inventory (For Sale)
Versus last year, the total number of properties available this month was higher by 7 units of 25.9%. 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 2.9% compared to the previous month.
Property Under Contract (Pended)
There was an increase of 44.4% in the pended properties in October, with 13 properties versus 9 last month. This month's pended property sales were 23.5% lower than at this time last year.
All reports are published November 2026, based on data available at the end of October 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 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 October 2026 Average Sold Price per Square Footage of $572 was up 6.3% from $538 last month and up 0.2% from $571 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 2026 was 51, up 59.4% from 32 days last month and down 7.3% from 55 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 99% was up 2.1% % from last month and up from 5.3% % 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 2026, based on data available at the end of October 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 Depreciating*
The Average For Sale Price in October was $1,841,000, down 7.1% from $1,981,000 in October of 2025 and down 0.9% from $1,858,000 last month.
The Average Sold Price was Neutral*
The Average Sold Price in October was $1,721,000, up 5.7% from $1,628,000 in October of 2025 and down 0.1% from $1,723,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in October was $1,480,000, down 1.9% from $1,508,000 in October of 2025 and down 9.4% from $1,633,000 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 October 2026 Months of Inventory based on Closed Sales of 4.9 was increased by 226.7% compared to last year and up 25.7% compared to last month. October 2026 was Neutral market.
Months of Inventory based on Pended Sales
The October 2026 Months of Inventory based on Pended Sales of 2.6 was increased by 63% compared to last year and down 33.4% compared to last month. October 2026 was Seller's market.
All reports are published November 2026, based on data available at the end of October 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 October 2026 Absorption Rate based on Closed Sales of 20.6 was decreased by 69.1% compared to last year and down 19.8% compared to last month.
Absorption Rate based on Pended Sales
The October 2026 Absorption Rate based on Pended Sales of 38.2 was decreased by 39.4% compared to last year and up 48.6% compared to last month.
All reports are published November 2026, based on data available at the end of October 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.
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID.
IDX information is provided exclusively for consumers' personal non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Based on information submitted to the MLS GRID as of 11/9/2026 3:44 PM.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.