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

Housing Market Conditions



Gauge showing Steilacoom is a seller's market


Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Steilacoom, WA

How much do homes in Steilacoom, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since March 2023


Key Takeaway

Homes in Steilacoom have sold for 7.3% less than they did a year ago.

Summary: The median home sold price in Steilacoom was $695,000 in March 2024, down 7.3% from last year, and the median price per square foot was $333.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $280K$380K
2 $356.5K$332.5K
3 $558.5K$677.5K
4 $807.5K$837.5K
5+ $1.0M$806K

Summary: Steilacoom housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.7%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 26.7%.

Median Sold Price Compared To Nearby Cities

University Place
Fort Lewis-DuPont

Housing Supply in Steilacoom, WA

How many homes are available in Steilacoom, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE

Summary: The Steilacoom real estate market had 20 homes for sale in March 2024, a 20.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
2 55
3 77
4 76
5+ 42

Summary: The Steilacoom housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Steilacoom, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Steilacoom in March 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.

Days on Market for Steilacoom, WA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
72 Days32 Days-55.4%

Summary: Homes in Steilacoom had an average of 32 days on market in Mar 2024, down by 55.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 8 homes were sold in Steilacoom; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% 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 11 Days Ago

Newest Listings in Steilacoom, WA

Nearby Markets to Steilacoom, WA

What housing markets are near Steilacoom, WA?