Is Auburn, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Auburn has remained a Seller's Market.
Housing Prices in Auburn, WA
How much do homes in Auburn, WA cost?
Median Sold Price
$591,655
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Auburn was $591,655 in March 2024, up 0.3% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $260.5K | +24.0% |
2 Bedrooms | $375K | $380K | +1.3% |
3 Bedrooms | $549.2K | $550K | 0.1% |
4 Bedrooms | $697K | $680K | -2.4% |
5+ Bedrooms | $795K | $770K | -3.1% |
Summary: Auburn housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Kent | $604.6K | $630K | +4.2% |
Algona | $438.5K | $450K | +2.6% |
Pacific | $525K | $531.5K | +1.2% |
Federal Way-Auburn | $550K | $555.5K | +1.0% |
Auburn | $590.1K | $591.6K | 0.3% |
Housing Supply in Auburn, WA
How many homes are available in Auburn, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
236 | 247 | +4.7% |
Summary: The Auburn real estate market had 247 homes for sale in March 2024, a 4.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 37 | 44 | +18.9% |
3 Bedrooms | 95 | 97 | +2.1% |
4 Bedrooms | 76 | 78 | +2.6% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The Auburn housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 79 | +9.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Auburn in March 2024, up by 9.7% month-over-month. Of the 79 sold homes, 19% were sold under asking, 27% were sold at asking, and 54% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 28 Days | -39.7% |
Summary: Homes in Auburn had an average of 28 days on market in Mar 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 79 homes were sold in Auburn; 81% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.