Is Greater Duwamish, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Greater Duwamish has remained a Seller's Market.
Housing Prices in Greater Duwamish, WA
How much do homes in Greater Duwamish, WA cost?
Median Sold Price
$659,983
$489/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Greater Duwamish was $659,983 in April 2024, down 3.9% from last year, and the median price per square foot was $489.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410.6K | $420K | +2.3% |
2 Bedrooms | $628.5K | $606K | -3.6% |
3 Bedrooms | $735K | $700K | -4.8% |
4 Bedrooms | $832.6K | $762K | -8.5% |
5+ Bedrooms | $895K | $865K | -3.4% |
Summary: Greater Duwamish housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 3.4%.
Housing Supply in Greater Duwamish, WA
How many homes are available in Greater Duwamish, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 121 | +8.0% |
Summary: The Greater Duwamish real estate market had 121 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 43 | 42 | -2.3% |
3 Bedrooms | 31 | 45 | +45.2% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 19 | 16 | -15.8% |
Summary: The Greater Duwamish housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 45.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 15.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 24 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Greater Duwamish in April 2024, down by 33.3% month-over-month. Of the 24 sold homes, 21% were sold under asking, 21% were sold at asking, and 58% were sold over asking.
Days on Market for Greater Duwamish, WA
How long does it take to sell a home in Greater Duwamish, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 13 Days | -52.1% |
Summary: Homes in Greater Duwamish had an average of 13 days on market in Apr 2024, down by 52.1% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Greater Duwamish; 96% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.