The Aberdeen, WA metro area housing market in February 2025 presents a complex landscape, characterized by both growth and contraction in various metrics. The Median Sales Price has risen to $370,000, marking a significant year-over-year increase of 12.5%. This upward trend in sales prices suggests a strong demand for homes, despite other indicators showing a more varied picture.

Conversely, the Median List Price has decreased by 5.6% year-over-year, now standing at $377,500. This decline in list prices, coupled with the increase in sales prices, indicates a competitive market where buyers are willing to pay more than the initial asking prices. The median Price Per Square Foot has seen a modest increase of 1.8%, reaching $244.42, while the Median List Price per square foot has risen by 4.1% to $270.64.

In terms of sales activity, the number of Homes Sold has slightly decreased by 1.4% year-over-year, with 73 Homes Sold in February. Pending Sales have experienced a more substantial decline of 14%, totaling 98. This reduction in Pending Sales may reflect a cooling in buyer interest or challenges in closing deals. However, New Listings have increased by 6.5%, reaching 115, suggesting that sellers are still entering the market with optimism.

Inventory levels have surged by 30.1% year-over-year, with 333 homes available, contributing to a significant increase in the Months of Supply, which has more than doubled to 4.6 months, up by 110%. This rise in inventory and supply indicates a shift towards a more balanced market, potentially easing the pressure on buyers.

The Median Days on Market have decreased slightly by 2%, now averaging 82 days. This suggests that homes are selling at a steady pace, despite the increased inventory. The average sale to list ratio has decreased by 1.8%, now at 96.7%, indicating that homes are selling slightly below their list prices on average. However, the sold above list ratio has increased by 4.3%, with 19.2% of homes selling above their list price, highlighting competitive bidding for certain properties.

Price Drops have decreased by 4.6%, now at 20.4%, suggesting that sellers are adjusting their expectations in line with market conditions. Additionally, the percentage of homes going off market in two weeks has decreased by 5.8%, now at 27.6%, indicating a slower pace of quick sales.

Overall, the Aberdeen housing market in February 2025 reflects a dynamic environment with rising sales prices and increased inventory, alongside a decrease in list prices and Pending Sales. This combination of factors suggests a market in transition, with opportunities for both buyers and sellers to navigate the evolving landscape.