Aberdeen, WA Housing Market

Market Overview

Aberdeen, WA has a PropertyIQ Score of 11 out of 100, positioning it as a weak housing market relative to typical statewide conditions. The score reflects several soft signals: 12-month home value momentum of 2.75%, 3-month home value momentum of -1.06%, a median of 74 days on market, and price cuts on 23.7% of listings. Together these indicate a market where homes are selling slowly and sellers are adjusting prices to attract buyers.

Compared with state benchmarks, Aberdeen’s housing is considerably less expensive. The median home value is $325,918, roughly 54% of the state average of $601,545. The rent index is $1,449, below the state average of $1,682. However, incomes also lag: median household income is $63,539, compared with $94,952 statewide. The unemployment rate matches the state at 5.2%. The market’s lower price point may look attractive at first glance, but the soft momentum metrics and below-average income levels suggest that demand is not strong enough to drive appreciation.

The inventory level of 730 homes for sale and the lack of population growth data add caution. With no population growth figure available, it is difficult to see a demographic driver of new demand. Overall, the PropertyIQ Score of 11/100 frames this as a weak market with some affordability advantages but limited near-term momentum.

Key Trends

First, price momentum is mixed and leaning soft. The 12-month momentum is 2.75%, but the 3-month momentum is -1.06%, indicating a recent cooling. The year-over-year median home value change is reported as $-3, which points to essentially flat or slightly negative annual price movement. This combination suggests that any annual gain from earlier in the year has stalled in recent months.

Second, the market pace is slow. Median days on market is 74 days. Nearly one in four listings, 23.7%, has had a price cut. That signals sellers are competing for a limited pool of buyers and often need to reduce asking prices to close transactions.

Third, affordability relative to the state is mixed. The median home value of $325,918 is far below the state average of $601,545, which could appeal to buyers priced out of other parts of the state. But median household income of $63,539 is also well below the state average of $94,952, so local buying power remains constrained. The rent index of $1,449 is below the state benchmark of $1,682, which may affect investor yield calculations.

Fourth, supply is elevated relative to the slow pace. There are 730 homes for sale, while homes take 74 days to sell. Without population growth data, it is not possible to say whether new households are entering the market quickly enough to absorb this inventory.

Who Is This Market For

This market may suit budget-conscious first-time homebuyers who are looking for a median home value well below the state average. At $325,918, Aberdeen offers a lower entry price than many Washington markets, especially for households that can qualify on local incomes or bring equity from elsewhere. However, buyers should be comfortable with slow price growth and the possibility of further price softening, given the 3-month momentum of -1.06% and the 23.7% price cut share.

Long-term rental investors may also see some appeal in the rent index of $1,449 relative to the lower home values. But the weak PropertyIQ Score, 74 days on market, and negative near-term price momentum mean this is not a market suited to short-term flippers or buyers expecting quick appreciation. Move-up buyers may find limited support from price momentum, and the below-average median household income suggests local equity growth may be slower than in higher-scoring markets.

Because the unemployment rate matches the state average at 5.2%, the local economy does not appear to be a clear standout or laggard on that measure, but the lack of population growth data makes it harder to identify demand growth. In general, this market is better aligned with value-oriented buyers and investors with a longer time horizon who can tolerate soft conditions.

Outlook

The data points to continued softness in Aberdeen’s housing market in the near term. The 3-month home value momentum of -1.06% is a more current signal than the 12-month figure of 2.75%, and it suggests prices are cooling. The year-over-year median home value change reported as $-3 reinforces a flat-to-negative price environment. With median days on market at 74 and 23.7% of listings showing price cuts, sellers will likely continue to face negotiation pressure. Inventory of 730 homes for sale may keep competition among sellers elevated unless buyer activity picks up.

At the same time, the market’s lower median home value of $325,918 compared with the state average of $601,545 could provide some floor of interest from affordability-seeking buyers. But median household income of $63,539 limits how much local buyers can push prices upward, and the absence of population growth data removes a potential demand catalyst from the outlook. Overall, the data supports a cautious near-term outlook with weak momentum, slow sales, and buyer-friendly conditions until clearer signs of demand or price stabilization appear.