Is Steilacoom, 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, Steilacoom has remained a Seller's Market.
Housing Prices in Steilacoom, WA
How much do homes in Steilacoom, WA cost?
Median Sold Price
$695,000
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $380K | +35.7% |
2 Bedrooms | $356.5K | $332.5K | -6.7% |
3 Bedrooms | $558.5K | $677.5K | +21.3% |
4 Bedrooms | $807.5K | $837.5K | +3.7% |
5+ Bedrooms | $1.0M | $806K | -26.7% |
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
Lakewood | $489.8K | $493.1K | +0.7% |
University Place | $642.8K | $635K | -1.2% |
Fort Lewis-DuPont | $538.1K | $514.9K | -4.3% |
Steilacoom | $750K | $695K | -7.3% |
Housing Supply in Steilacoom, WA
How many homes are available in Steilacoom, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 20 | -20.0% |
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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 2 | -50.0% |
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 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
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 2023 | Mar 2024 | CHANGE |
---|---|---|
72 Days | 32 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
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.