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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fife is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Fife, WA

How much do homes in Fife, WA cost?

Median Sold Price

$475,000

$311/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$65,000(-12.0%)

Key Takeaway

Homes in Fife have sold for 12% less than they did a year ago.

Summary: The median home sold price in Fife was $475,000 in February 2024, down 12% from last year, and the median price per square foot was $311.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $296K-
N/A
2 $415K$417.4K
+0.6%
3 $537K$489.9K
-8.8%
4 $590K$532.5K
-9.7%
5+ $653.7K$620K
-5.2%

Summary: Fife housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.6%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Cities

Milton
+13.9%
Edgewood
+8.2%
Tacoma
-1.1%
Puyallup
-5.2%
Fife
-12.0%

Housing Supply in Fife, WA

How many homes are available in Fife, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1521+40.0%

Summary: The Fife real estate market had 21 homes for sale in February 2024, a 40.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 89
+12.5%
4 15
+400.0%
5+ 32
-33.3%

Summary: The Fife housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 400%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fife, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Fife in February 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for Fife, WA

How long does it take to sell a home in Fife, WA?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days62 Days+7.1%

Summary: Homes in Fife had an average of 62 days on market in Feb 2024, up by 7.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in Fife; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in Fife, WA

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