Is Auburn, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, WA
How much do homes in Auburn, WA cost?
Median Sold Price
$595,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Auburn has remained the same since last year.
Summary: The median home sold price in Auburn was $595,000 in June 2024, up 0.1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $209.9K | $265K | +26.2% |
| 2 Bedrooms | $371.5K | $394K | +6.1% |
| 3 Bedrooms | $545K | $556K | +2.0% |
| 4 Bedrooms | $680K | $680K | 0.0% |
| 5+ Bedrooms | $775K | $785K | +1.3% |
Summary: Auburn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.2%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Kent | $600.3K | $649.9K | +8.3% |
| Federal Way-Auburn | $540K | $565.4K | +4.7% |
| Auburn | $594.3K | $595K | 0.1% |
| Pacific | $525K | $505K | -3.8% |
Housing Supply in Auburn, WA
How many homes are available in Auburn, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 359 | 411 | +14.5% |
Summary: The Auburn real estate market had 411 homes for sale in June 2024, a 14.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 49 | 55 | +12.2% |
| 3 Bedrooms | 137 | 147 | +7.3% |
| 4 Bedrooms | 128 | 160 | +25.0% |
| 5+ Bedrooms | 43 | 44 | +2.3% |
Summary: The Auburn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 2.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 104 | 91 | -12.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you could pay more than the asking price. 36.3% of homes here sold above asking price last month.
Summary: A total of 91 homes were sold or pending in Auburn in June 2024, down by 12.5% month-over-month. Of the 91 sold homes, 35% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Auburn, WA
How long does it take to sell a home in Auburn, WA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 26 Days | +39.0% |
Summary: Homes in Auburn had an average of 26 days on market in Jun 2024, up by 39% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 91 homes were sold in Auburn; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.