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 April 2022

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

$680,000

$420/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

+$40,700(+6.4%)

Key Takeaway

Homes in Burien have sold for 6.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 $337K$340K
+0.9%
2 $470K$499.9K
+6.4%
3 $660K$650K
-1.5%
4 $760K$767K
+0.9%
5+ $852.5K$995K
+16.7%

Median Sold Price Compared To Nearby Cities

Burien
+6.4%
SeaTac
0.0%
Normandy Park
-3.7%

How many homes are available in Burien, WA?

Number of Homes For Sale

Mar 2023Apr 2023%
94104+10.6%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 56
+20.0%
2 2427
+12.5%
3 2730
+11.1%
4 2528
+12.0%
5+ 1313
0.0%

Number of Homes Sold

Mar 2023Apr 2023%
2628+7.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

15 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. 53.6% of homes here sold above asking price last month.

Average Sale Time

Apr 2022Apr 2023%
10 Days23 Days+126.4%

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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

There are 104 homes are for sale in Burien, WA real estate market. The number of homes for sale in Burien, WA increased by 10.6% between March 2023 and April 2023. In April 2023, listings were on the market for 23 days. During the same period, the median list price in this real estate market was $680,000. This housing market listing prices have changed between March 2023 and April 2023: 1 bedroom properties prices increased by 0.9%, 2 bedrooms properties became 6.4% more expensive, prices of 3 bedrooms properties went down by 1.5%, 4 bedrooms properties became 0.9% more expensive, 5 bedrooms properties became 16.7% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 20%, number of 2 bedrooms homes increased by 12.5%, number of 3 bedrooms homes increased by 11.1%, 4 bedrooms homes inventory increased by 12%, 5 bedrooms homes inventory did not change. While more than 15 listings in Burien, WA in April 2023 were sold above asking price, there were more than 8 listings sold at asking price, and more than 5 were sold below.

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