Is Auburn, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a seller's market

Buyer's
Market

Difference Since May 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

$587,479

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$6,154(-1.0%)

Key Takeaway

Homes in Auburn have sold for 1% less than they did a year ago.

Summary: The median home sold price in Auburn was $587,479 in May 2024, down 1% from last year, and the median price per square foot was $321.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $209.9K$272.5K
+29.8%
2 $369.9K$390K
+5.4%
3 $535.7K$555K
+3.6%
4 $682K$676.6K
-0.8%
5+ $785K$779K
-0.8%

Summary: Auburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Kent
+7.4%
Federal Way-Auburn
+2.1%
Pacific
+1.9%
Algona
+0.8%
Auburn
-1.0%

Housing Supply in Auburn, WA

How many homes are available in Auburn, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
309371+20.1%

Summary: The Auburn real estate market had 371 homes for sale in May 2024, a 20.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 42
-50.0%
2 5254
+3.8%
3 127145
+14.2%
4 91127
+39.6%
5+ 3543
+22.9%

Summary: The Auburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 39.6%, and 5+ bedroom homes increased by 22.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
9594-1.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

46 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn, you could pay more than the asking price. 48.9% of homes here sold above asking price last month.

Summary: A total of 94 homes were sold or pending in Auburn in May 2024, down by 1.1% month-over-month. Of the 94 sold homes, 22% were sold under asking, 29% were sold at asking, and 49% 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

May 2023May 2024CHANGE
29 Days24 Days-19.5%

Summary: Homes in Auburn had an average of 24 days on market in May 2024, down by 19.5% compared to last year.

Breakdown of Home Sale Times

78 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Auburn are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 94 homes were sold in Auburn; 83% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

Newest Listings in Auburn, WA

Nearby Markets to Auburn, WA

What housing markets are near Auburn, WA?