Is Normandy Park, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Normandy Park is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Normandy Park, WA cost?

Median Sold Price

$967,500

$382/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$243,583(+33.6%)

Key Takeaway

Homes in Normandy Park have sold for 33.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $605K$710K
+17.4%
2 $640K$927.5K
+44.9%
3 $635K$905K
+42.5%
4 $850K$1.0M
+28.8%
5+ $919.3K$1.1M
+22.4%

Median Sold Price Compared To Nearby Cities

Normandy Park
+33.6%
Burien
+18.0%
Des Moines
+9.8%

How many homes are available in Normandy Park, WA?

Number of Homes For Sale

Apr 2022May 2022%
39390.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 32
-33.3%
2 87
-12.5%
3 1010
0.0%
4 1216
+33.3%
5+ 64
-33.3%

Number of Homes Sold

Apr 2022May 2022%
1420+42.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Normandy Park, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
37 Days8 Days-76.6%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Normandy Park, WA

Homes for sale in Normandy Park, WA have reached 39. In May 2022, listings were on the market for 8 days. During the same period, the median list price in this real estate market was $967,500. From April 2022 through May 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 17.4%, prices of 2 bedrooms properties went up by 44.9%, 3 bedrooms properties became 42.5% more expensive, the cost of 4 bedrooms properties went up by 28.8%, 5 bedrooms properties became 22.4% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 33.3%, volume of 2 bedrooms homes went down by 12.5%, 3 bedrooms homes did not move, the quantity of 4 bedrooms homes went up by 33.3%, volume of 5 bedrooms homes went down by 33.3%. In May 2022 more than 12 listings in Normandy Park, WA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 3 were sold below.

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