Is Maple Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$749,923
$375/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Maple Valley have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in Maple Valley was $749,923 in March 2024, down 3.9% from last year, and the median price per square foot was $375.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $470K | $596.5K | +26.9% |
| 2 Bedrooms | $470K | $495K | +5.3% |
| 3 Bedrooms | $644.9K | $677.5K | +5.1% |
| 4 Bedrooms | $850K | $867.5K | +2.1% |
| 5+ Bedrooms | $1.0M | $970K | -7.1% |
Summary: Maple Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Kent | $604.6K | $630K | +4.2% |
| Enumclaw Plateau | $709.6K | $705.2K | -0.6% |
| Tahoma-Maple Valley | $720.6K | $700K | -2.9% |
| Covington | $667.7K | $645K | -3.4% |
| Maple Valley | $780K | $749.9K | -3.9% |
Housing Supply in Maple Valley, WA
How many homes are available in Maple Valley, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 102 | +30.8% |
Summary: The Maple Valley real estate market had 102 homes for sale in March 2024, a 30.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 26 | 40 | +53.8% |
| 4 Bedrooms | 27 | 34 | +25.9% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Maple Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 53.8%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 34 | +61.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maple Valley, you could pay more than the asking price. 61.8% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Maple Valley in March 2024, up by 61.9% month-over-month. Of the 34 sold homes, 21% were sold under asking, 18% were sold at asking, and 62% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 17 Days | -48.9% |
Summary: Homes in Maple Valley had an average of 17 days on market in Mar 2024, down by 48.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 34 homes were sold in Maple Valley; 91% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.