Is Burien, 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, Burien has remained a Seller's Market.
Housing Prices in Burien, WA
How much do homes in Burien, WA cost?
Median Sold Price
$640,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Burien was $640,000 in June 2024, down 3.1% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $275K | -12.7% |
2 Bedrooms | $480K | $459.9K | -4.2% |
3 Bedrooms | $640K | $637.5K | -0.4% |
4 Bedrooms | $763.5K | $789.4K | +3.4% |
5+ Bedrooms | $992K | $935K | -5.7% |
Summary: Burien housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.7%, 2 bedroom homes decreased by 4.2%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
Normandy Park | $845K | $997.5K | +18.0% |
SeaTac | $525K | $540K | +2.9% |
Burien | $660.3K | $640K | -3.1% |
Housing Supply in Burien, WA
How many homes are available in Burien, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
109 | 114 | +4.6% |
Summary: The Burien real estate market had 114 homes for sale in June 2024, a 4.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 26 | 19 | -26.9% |
3 Bedrooms | 42 | 50 | +19.0% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Burien housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 26.9%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
30 | 30 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Burien in June 2024, the same as the previous month. Of the 30 sold homes, 30% were sold under asking, 27% were sold at asking, and 43% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -17.7% |
Summary: Homes in Burien had an average of 23 days on market in Jun 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 30 homes were sold in Burien; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.