Is Puyallup, 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, Puyallup has remained a Seller's Market.
Housing Prices in Puyallup, WA
How much do homes in Puyallup, WA cost?
Median Sold Price
$549,958
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Puyallup was $549,958 in March 2024, down 2.1% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $292K | -8.8% |
2 Bedrooms | $405.2K | $395K | -2.5% |
3 Bedrooms | $510K | $511.1K | 0.2% |
4 Bedrooms | $637.3K | $594.9K | -6.7% |
5+ Bedrooms | $649.9K | $652.4K | 0.4% |
Summary: Puyallup housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Edgewood | $652.1K | $712.5K | +9.3% |
Puyallup | $561.6K | $549.9K | -2.1% |
Fife | $535K | $475.5K | -11.1% |
Housing Supply in Puyallup, WA
How many homes are available in Puyallup, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
368 | 399 | +8.4% |
Summary: The Puyallup real estate market had 399 homes for sale in March 2024, a 8.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 38 | 40 | +5.3% |
3 Bedrooms | 158 | 161 | +1.9% |
4 Bedrooms | 126 | 139 | +10.3% |
5+ Bedrooms | 44 | 56 | +27.3% |
Summary: The Puyallup housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 111 | +8.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Summary: A total of 111 homes were sold or pending in Puyallup in March 2024, up by 8.8% month-over-month. Of the 111 sold homes, 16% were sold under asking, 36% were sold at asking, and 48% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 28 Days | -41.5% |
Summary: Homes in Puyallup had an average of 28 days on market in Mar 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 111 homes were sold in Puyallup; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.