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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Steilacoom is a neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Steilacoom was a Seller's Market.

Key Takeaway

Steilacoom is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Steilacoom, WA cost?

Median Sold Price

$715,000

$336/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$65,000(+10.0%)

Key Takeaway

Homes in Steilacoom have sold for 10% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$260K
N/A
2 $451K$381K
-15.5%
3 $535K$670K
+25.2%
4 $742K$810K
+9.2%
5+ $910K$940K
+3.3%

Median Sold Price Compared To Nearby Cities

Lakewood
+17.6%
University Place
+17.2%
Fort Lewis-DuPont
+12.6%
Steilacoom
+10.0%

How many homes are available in Steilacoom, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
3525-28.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 31
-66.7%
3 1511
-26.7%
4 95
-44.4%
5+ 88
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
134-69.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Steilacoom, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days27 Days+9.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

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

About Steilacoom, WA

Number of homes for sale in Steilacoom, WA real estate market have reached 25. The number of listings in Steilacoom, WA decreased by 28.6% between September 2022 and October 2022. Listings spent 27 days on the market in October 2022, and had a median list price of $715,000 during the same period. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties decreased by 15.5%, the cost of 3 bedrooms properties went up by 25.2%, 4 bedrooms properties prices increased by 9.2%, prices of 5 bedrooms properties went up by 3.3%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 66.7%, volume of 3 bedrooms homes went down by 26.7%, 4 bedrooms homes inventory decreased by 44.4%, number of 5 bedrooms homes remained the same. Over 0 listings were sold over their listed price in October 2022 in Steilacoom, WA. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price.

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