Is Burien City Center, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Burien City Center was a Neutral Market.
Housing Prices in Burien City Center, WA
How much do homes in Burien City Center, WA cost?
Median Sold Price
$680,000
$461/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Burien City Center was $680,000 in April 2024, down 2.9% from last year, and the median price per square foot was $461.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $380K | $299K | -21.3% |
2 Bedrooms | $610K | $605K | -0.8% |
3 Bedrooms | $695.5K | $797.5K | +14.7% |
4 Bedrooms | $767K | $715K | -6.8% |
5+ Bedrooms | $810K | $1.1M | +41.0% |
Summary: Burien City Center housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 41%.
Median Sold Price Compared To Nearby Neighborhoods
Burien City Center | $700.1K | $680K | -2.9% |
Seahurst | $899.9K | $869.5K | -3.4% |
Housing Supply in Burien City Center, WA
How many homes are available in Burien City Center, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The Burien City Center real estate market had 22 homes for sale in April 2024, a 37.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 6 | 10 | +66.7% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Burien City Center housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Burien City Center in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Burien City Center, WA
How long does it take to sell a home in Burien City Center, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 99 Days | +281.5% |
Summary: Homes in Burien City Center had an average of 99 days on market in Apr 2024, up by 281.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Burien City Center; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.