Is Burien, 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, Burien has remained a Seller's Market.
Housing Prices in Burien, WA
How much do homes in Burien, WA cost?
Median Sold Price
$647,250
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Burien was $647,250 in March 2024, down 5% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $268.7K | -22.1% |
2 Bedrooms | $500K | $459.9K | -8.0% |
3 Bedrooms | $665.5K | $631.7K | -5.1% |
4 Bedrooms | $767K | $794.4K | +3.6% |
5+ Bedrooms | $995.1K | $994K | -0.1% |
Summary: Burien housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.1%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
Normandy Park | $930K | $995K | +7.0% |
SeaTac | $550K | $530K | -3.6% |
Burien | $681K | $647.2K | -5.0% |
Housing Supply in Burien, WA
How many homes are available in Burien, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
68 | 91 | +33.8% |
Summary: The Burien real estate market had 91 homes for sale in March 2024, a 33.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 14 | 22 | +57.1% |
3 Bedrooms | 27 | 34 | +25.9% |
4 Bedrooms | 14 | 21 | +50.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Burien 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 57.1%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 20 | +17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Burien in March 2024, up by 17.6% month-over-month. Of the 20 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.
Days on Market for Burien, WA
How long does it take to sell a home in Burien, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 47 Days | +45.2% |
Summary: Homes in Burien had an average of 47 days on market in Mar 2024, up by 45.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Burien; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.