Is Steilacoom, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Steilacoom has remained a Seller's Market.
Housing Prices in Steilacoom, WA
How much do homes in Steilacoom, WA cost?
Median Sold Price
$675,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Steilacoom was $675,000 in June 2024, down 1.5% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $300K | $380K | +26.7% |
2 Bedrooms | $332K | $407K | +22.6% |
3 Bedrooms | $585K | $675K | +15.4% |
4 Bedrooms | $795.5K | $837.5K | +5.3% |
5+ Bedrooms | $881.5K | $818.5K | -7.1% |
Summary: Steilacoom housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Cities
University Place | $610K | $640K | +4.9% |
Fort Lewis-DuPont | $510.1K | $526.2K | +3.2% |
Lakewood | $490K | $493.1K | +0.6% |
Steilacoom | $685K | $675K | -1.5% |
Housing Supply in Steilacoom, WA
How many homes are available in Steilacoom, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 35 | +45.8% |
Summary: The Steilacoom real estate market had 35 homes for sale in June 2024, a 45.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 6 | 11 | +83.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Steilacoom housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
5 | 8 | +60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Steilacoom in June 2024, up by 60.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 75% were sold at asking, and 13% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
29 Days | 17 Days | -41.9% |
Summary: Homes in Steilacoom had an average of 17 days on market in Jun 2024, down by 41.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 8 homes were sold in Steilacoom; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.