$4,572 Closing Credit*
$384,995
1,230 SqFt
3 Beds
•2 Full Baths
Veronica Songco, Listing Office: Newberry Realty, Inc.
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 November 2023
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 in Tahoma-Maple Valley, WA
How much do homes in Tahoma-Maple Valley, WA cost?
Median Sold Price
$749,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,846(+9.2%)
Key Takeaway
Homes in Tahoma-Maple Valley have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Tahoma-Maple Valley was $749,000 in November 2024, up 9.2% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $484.9K | $300K | -38.1% |
| 2 Bedrooms | $465K | $485K | +4.3% |
| 3 Bedrooms | $625K | $675.1K | +8.0% |
| 4 Bedrooms | $780K | $810.2K | +3.9% |
| 5+ Bedrooms | $810K | $880K | +8.6% |
Summary: Tahoma-Maple Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Covington | $630K | $696.4K | +10.5% |
| Issaquah Plateau | $1.2M | $1.4M | +9.8% |
| Tahoma-Maple Valley | $686.1K | $749K | +9.2% |
| Maple Valley | $740.5K | $790K | +6.7% |
| Black Diamond | $825K | $828.4K | 0.4% |
Housing Supply in Tahoma-Maple Valley, WA
How many homes are available in Tahoma-Maple Valley, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 292 | 239 | -18.2% |
Summary: The Tahoma-Maple Valley real estate market had 239 homes for sale in November 2024, a 18.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 27 | 24 | -11.1% |
| 3 Bedrooms | 115 | 89 | -22.6% |
| 4 Bedrooms | 98 | 88 | -10.2% |
| 5+ Bedrooms | 50 | 37 | -26.0% |
Summary: The Tahoma-Maple Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 22.6%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes decreased by 26%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 93 | 69 | -25.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tahoma-Maple Valley, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Tahoma-Maple Valley in November 2024, down by 25.8% month-over-month. Of the 69 sold homes, 41% were sold under asking, 41% were sold at asking, and 19% were sold over asking.
Days on Market for Tahoma-Maple Valley, WA
How long does it take to sell a home in Tahoma-Maple Valley, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 49 Days | +49.6% |
Summary: Homes in Tahoma-Maple Valley had an average of 49 days on market in Nov 2024, up by 49.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
16 Homes Were 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 November 2024, 69 homes were sold in Tahoma-Maple Valley; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 23% 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 © 2024 Northwest MLS. All rights reserved.