Is Pacific, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacific is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Pacific, WA cost?

Median Sold Price

$530,000

$332/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$40,000(+8.2%)

Key Takeaway

Homes in Pacific have sold for 8.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 --
N/A
2 $382K$386.2K
+1.1%
3 $473K$499.9K
+5.7%
4 $565K$615K
+8.8%
5+ $550K$743K
+35.1%

Median Sold Price Compared To Nearby Cities

Auburn
+11.7%
Federal Way-Auburn
+8.8%
Pacific
+8.2%
Sumner
+3.7%
Algona
0.0%

How many homes are available in Pacific, WA?

Number of Homes For Sale

Nov 2022Dec 2022%
1613-18.8%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 23
+50.0%
3 86
-25.0%
4 64
-33.3%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacific, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
5 Days108 Days+1940.0%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pacific 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 Pacific, WA

Homes for sale in Pacific, WA have reached 13. The inventory of homes for sale in Pacific, WA between November 2022 and December 2022 decreased by 18.8%. Listings spent 108 days on the market in December 2022, and had a median list price of $530,000 during the same period. Real estate listing prices changed between November 2022 and December 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 1.1%, prices of 3 bedrooms properties went up by 5.7%, 4 bedrooms properties prices increased by 8.8%, prices of 5 bedrooms properties went up by 35.1%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes increased by 50%, 3 bedrooms homes inventory decreased by 25%, 4 bedrooms homes became 33.3% less available, 5 bedrooms homes inventory did not change. In December 2022 more than 2 listings in Pacific, WA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 3 were sold below.

Related Housing Market Reports