Is Maple Valley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Maple Valley is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Maple Valley, WA

How much do homes in Maple Valley, WA cost?

Median Sold Price

$759,245

$375/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,920(+2.6%)

Key Takeaway

Homes in Maple Valley have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Maple Valley was $759,245 in May 2024, up 2.6% from last year, and the median price per square foot was $375.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $470K$596.5K
+26.9%
2 $465K$497K
+6.9%
3 $650K$694K
+6.8%
4 $815K$885K
+8.6%
5+ $949.9K$975K
+2.6%

Summary: Maple Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Kent
+7.4%
Tahoma-Maple Valley
+3.0%
Maple Valley
+2.6%
Enumclaw Plateau
+1.3%
Covington
-0.8%

Housing Supply in Maple Valley, WA

How many homes are available in Maple Valley, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
116148+27.6%

Summary: The Maple Valley real estate market had 148 homes for sale in May 2024, a 27.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 1214
+16.7%
3 4756
+19.1%
4 4561
+35.6%
5+ 1116
+45.5%

Summary: The Maple Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 35.6%, and 5+ bedroom homes increased by 45.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
49490.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Maple Valley, you could pay more than the asking price. 46.9% of homes here sold above asking price last month.

Summary: A total of 49 homes were sold or pending in Maple Valley in May 2024, the same as the previous month. Of the 49 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.

Days on Market for Maple Valley, WA

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

Average Sale Time

May 2023May 2024CHANGE
15 Days12 Days-20.7%

Summary: Homes in Maple Valley had an average of 12 days on market in May 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 49 homes were sold in Maple Valley; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% 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 16 Days Ago

Newest Listings in Maple Valley, WA

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