Is Normandy Park, 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, 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.
Housing Prices in Normandy Park, WA
How much do homes in Normandy Park, WA cost?
Median Sold Price
$995,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Normandy Park have sold for 7% more than they did a year ago.
Summary: The median home sold price in Normandy Park was $995,000 in March 2024, up 7% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $657.5K | - | N/A |
| 2 Bedrooms | $585K | $624.9K | +6.8% |
| 3 Bedrooms | $750K | $833K | +11.1% |
| 4 Bedrooms | $1.1M | $1.1M | +7.4% |
| 5+ Bedrooms | $1.3M | $1.4M | +11.9% |
Summary: Normandy Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Normandy Park | $930K | $995K | +7.0% |
| Des Moines | $565K | $568.9K | +0.7% |
| Burien | $681K | $647.2K | -5.0% |
Housing Supply in Normandy Park, WA
How many homes are available in Normandy Park, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 19 | +111.1% |
Summary: The Normandy Park real estate market had 19 homes for sale in March 2024, a 111.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Normandy Park 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Normandy Park, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Normandy Park in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 9 Days | +41.0% |
Summary: Homes in Normandy Park had an average of 9 days on market in Mar 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Normandy Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Normandy Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.