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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Puyallup is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Puyallup, WA

How much do homes in Puyallup, WA cost?

Median Sold Price

$545,057

$270/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$29,942(-5.2%)

Key Takeaway

Homes in Puyallup have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in Puyallup was $545,057 in February 2024, down 5.2% from last year, and the median price per square foot was $270.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $327.2K$292K
-10.8%
2 $409.9K$395K
-3.6%
3 $520K$509.9K
-1.9%
4 $650K$588.3K
-9.5%
5+ $690K$639.9K
-7.2%

Summary: Puyallup housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.8%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 7.2%.

Median Sold Price Compared To Nearby Cities

Edgewood
+8.2%
Puyallup
-5.2%
Fife
-12.0%

Housing Supply in Puyallup, WA

How many homes are available in Puyallup, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
337356+5.6%

Summary: The Puyallup real estate market had 356 homes for sale in February 2024, a 5.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 21
-50.0%
2 2639
+50.0%
3 149157
+5.4%
4 120119
-0.8%
5+ 4040
0.0%

Summary: The Puyallup housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
9492-2.1%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Puyallup, expect to pay close to the asking price. 40.2% of homes here sold near the asking price last month.

Summary: A total of 92 homes were sold or pending in Puyallup in February 2024, down by 2.1% month-over-month. Of the 92 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% were sold over asking.

Days on Market for Puyallup, WA

How long does it take to sell a home in Puyallup, WA?

Average Sale Time

Feb 2023Feb 2024CHANGE
50 Days40 Days-20.2%

Summary: Homes in Puyallup had an average of 40 days on market in Feb 2024, down by 20.2% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 92 homes were sold in Puyallup; 64% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

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

Report Updated 2 Days Ago

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