Is Tahoma-Maple Valley, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Tahoma-Maple Valley has remained a Seller's Market.
Key Takeaway
Tahoma-Maple Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Tahoma-Maple Valley, WA cost?
Median Sold Price
$686,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Tahoma-Maple Valley have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Tahoma-Maple Valley was $686,000 in August 2023, down 5.5% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $647.5K | $410K | -36.7% |
| 2 Bedrooms | $460K | $433.9K | -5.7% |
| 3 Bedrooms | $636.8K | $625K | -1.9% |
| 4 Bedrooms | $789.9K | $771.2K | -2.4% |
| 5+ Bedrooms | $877.4K | $825K | -6.0% |
Summary: Tahoma-Maple Valley housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 36.7%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Cities
| Black Diamond | $751.1K | $810K | +7.8% |
| Covington | $658K | $635K | -3.5% |
| Issaquah Plateau | $1.3M | $1.2M | -5.4% |
| Tahoma-Maple Valley | $725.8K | $686K | -5.5% |
| Maple Valley | $800.4K | $737K | -7.9% |
Housing Supply
How many homes are available in Tahoma-Maple Valley, WA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 238 | 226 | -5.0% |
Summary: The Tahoma-Maple Valley real estate market had 226 homes for sale in August 2023, a 5.0% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 15 | +87.5% |
| 3 Bedrooms | 104 | 102 | -1.9% |
| 4 Bedrooms | 98 | 87 | -11.2% |
| 5+ Bedrooms | 26 | 21 | -19.2% |
Summary: The Tahoma-Maple Valley housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 87.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 19.2%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 77 | 74 | -3.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tahoma-Maple Valley, you could pay more than the asking price. 58.1% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in Tahoma-Maple Valley in August 2023, down by 3.9% month-over-month. Of the 74 sold homes, 22% were sold under asking, 20% were sold at asking, and 58% were sold over asking.
Days on Market
How long does it take to sell a home in Tahoma-Maple Valley, WA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 24 Days | 14 Days | -43.3% |
Summary: Homes in Tahoma-Maple Valley had an average of 14 days on market in Aug 2023, down by 43.3% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tahoma-Maple Valley are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 74 homes were sold in Tahoma-Maple Valley; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.