Is Pacific, 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, Pacific has remained a Seller's Market.
Housing Prices in Pacific, WA
How much do homes in Pacific, WA cost?
Median Sold Price
$531,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pacific was $531,500 in March 2024, up 1.2% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $366.2K | $525K | +43.3% |
3 Bedrooms | $496.5K | $499.9K | +0.7% |
4 Bedrooms | $622.5K | $600K | -3.6% |
5+ Bedrooms | $650K | $700K | +7.7% |
Summary: Pacific 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 43.3%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Algona | $438.5K | $450K | +2.6% |
Pacific | $525K | $531.5K | +1.2% |
Federal Way-Auburn | $550K | $555.5K | +1.0% |
Auburn | $590.1K | $591.6K | 0.3% |
Sumner | $550K | $520K | -5.5% |
Housing Supply in Pacific, WA
How many homes are available in Pacific, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 12 | -20.0% |
Summary: The Pacific real estate market had 12 homes for sale in March 2024, a 20.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 7 | -30.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Pacific housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Pacific in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Pacific, WA
How long does it take to sell a home in Pacific, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 8 Days | -56.0% |
Summary: Homes in Pacific had an average of 8 days on market in Mar 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Pacific; 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.