Is Normandy Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Normandy Park has remained a Seller's Market.
Housing Prices in Normandy Park, WA
How much do homes in Normandy Park, WA cost?
Median Sold Price
$865,000
$415/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Normandy Park was $865,000 in November 2023, down 9.1% from last year, and the median price per square foot was $415.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $715K | - | N/A |
2 Bedrooms | $830K | $572.5K | -31.0% |
3 Bedrooms | $850K | $745K | -12.4% |
4 Bedrooms | $1.1M | $1.1M | +8.2% |
5+ Bedrooms | $1.4M | $1.7M | +19.8% |
Summary: Normandy Park housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31%, 3 bedroom homes decreased by 12.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
Des Moines | $571.1K | $565K | -1.1% |
Burien | $681K | $661.6K | -2.8% |
Normandy Park | $952K | $865K | -9.1% |
Housing Supply in Normandy Park, WA
How many homes are available in Normandy Park, WA?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The Normandy Park real estate market had 12 homes for sale in November 2023, a 7.7% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Normandy Park housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Normandy Park in November 2023, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Normandy Park, WA
How long does it take to sell a home in Normandy Park, WA?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
60 Days | 33 Days | -45.1% |
Summary: Homes in Normandy Park had an average of 33 days on market in Nov 2023, down by 45.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2023, 3 homes were sold in Normandy Park; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.