$2,650,000
3,140 SqFt
3 Beds
•1 Full Bath
Eric Akines, Listing Office: Real Residential
Is Normandy Park, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$1,000,000
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$140,000(+16.3%)
Key Takeaway
Homes in Normandy Park have sold for 16.3% more than they did a year ago.
Summary: The median home sold price in Normandy Park was $1,000,000 in September 2024, up 16.3% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | $80K | -86.7% |
| 2 Bedrooms | $572.5K | $690K | +20.5% |
| 3 Bedrooms | $745K | $815K | +9.4% |
| 4 Bedrooms | $1.1M | $1.2M | +0.8% |
| 5+ Bedrooms | $1.3M | $1.1M | -9.5% |
Summary: Normandy Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 86.7%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Normandy Park | $860K | $1.0M | +16.3% |
| Des Moines | $562.1K | $589.6K | +4.9% |
| Burien | $675K | $634.9K | -5.9% |
Housing Supply in Normandy Park, WA
How many homes are available in Normandy Park, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 48 | 42 | -12.5% |
Summary: The Normandy Park real estate market had 42 homes for sale in September 2024, a 12.5% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 12 | -20.0% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Normandy Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Normandy Park, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Normandy Park in September 2024, down by 52.9% month-over-month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 60 Days | 47 Days | -21.1% |
Summary: Homes in Normandy Park had an average of 47 days on market in Sep 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 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 September 2024, 8 homes were sold in Normandy Park; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% 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.