Is Algona, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Algona has remained a Seller's Market.
Housing Prices in Algona, WA
How much do homes in Algona, WA cost?
Median Sold Price
$459,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Algona was $459,000 in May 2024, up 0.8% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $387.5K | $410K | +5.8% |
3 Bedrooms | $455K | $434.9K | -4.4% |
4 Bedrooms | $588K | $527.5K | -10.3% |
5+ Bedrooms | $589.5K | $750K | +27.2% |
Summary: Algona housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 27.2%.
Median Sold Price Compared To Nearby Cities
Federal Way-Auburn | $544.7K | $556.2K | +2.1% |
Pacific | $515K | $525K | +1.9% |
Algona | $455.4K | $459K | +0.8% |
Auburn | $593.6K | $587.4K | -1.0% |
Housing Supply in Algona, WA
How many homes are available in Algona, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Summary: The Algona real estate market had 11 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 7 | +133.3% |
4 Bedrooms | 6 | 3 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Algona housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 133.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Algona in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Algona, WA
How long does it take to sell a home in Algona, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
175 Days | 3 Days | -98.3% |
Summary: Homes in Algona had an average of 3 days on market in May 2024, down by 98.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Algona; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.