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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burien is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Burien has remained a Seller's Market.

Key Takeaway

Burien is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Burien, WA cost?

Median Sold Price

$650,000

$396/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$99,037(+18.0%)

Key Takeaway

Homes in Burien have sold for 18% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $216K$355K
+64.4%
2 $434.9K$477.5K
+9.8%
3 $560K$671.2K
+19.9%
4 $644K$765K
+18.8%
5+ $742.5K$845K
+13.8%

Median Sold Price Compared To Nearby Cities

Normandy Park
+33.6%
Burien
+18.0%
SeaTac
+13.7%
Des Moines
+9.8%
Seattle
+5.3%

How many homes are available in Burien, WA?

Number of Homes For Sale

Apr 2022May 2022%
117116-0.9%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 76
-14.3%
2 2820
-28.6%
3 4044
+10.0%
4 2734
+25.9%
5+ 1512
-20.0%

Number of Homes Sold

Apr 2022May 2022%
5038-24.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burien, you could pay more than the asking price. 71.1% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
31 Days10 Days-66.8%

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Burien, WA

Number of homes for sale in Burien, WA real estate market have reached 116. In May 2022 in Burien, WA there were 0.9% less homes for sale than in April 2022. The median list price of listings available in May 2022 was $650,000, while the average time on the real estate market was 10 days. Real estate listing prices changed between April 2022 and May 2022: the cost of 1 bedroom properties went up by 64.4%, prices of 2 bedrooms properties went up by 9.8%, the cost of 3 bedrooms properties went up by 19.9%, prices of 4 bedrooms properties went up by 18.8%, 5 bedrooms properties became 13.8% more expensive. Housing inventory have changed in this real estate market: 1 bedroom homes became 14.3% less available, the quantity of 2 bedrooms homes went down by 28.6%, the quantity of 3 bedrooms homes went up by 10%, 4 bedrooms homes became 25.9% more available, 5 bedrooms homes became 20% less available. Over 27 listings were sold over their listed price in May 2022 in Burien, WA. In the same period over 7 listings were sold below the listed price and 4 listings were sold for the listed price.

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