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 March 2023
Since last year, Tahoma-Maple Valley has remained a Seller's Market.
Housing Prices in Tahoma-Maple Valley, WA
How much do homes in Tahoma-Maple Valley, WA cost?
Median Sold Price
$700,000
$356/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tahoma-Maple Valley was $700,000 in March 2024, down 2.9% from last year, and the median price per square foot was $356.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $404.9K | $553K | +36.6% |
2 Bedrooms | $442.5K | $449.9K | +1.7% |
3 Bedrooms | $634.6K | $635K | 0.1% |
4 Bedrooms | $800K | $791K | -1.1% |
5+ Bedrooms | $899.9K | $849.9K | -5.6% |
Summary: Tahoma-Maple Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Black Diamond | $805K | $842.6K | +4.7% |
Issaquah Plateau | $1.2M | $1.3M | +4.4% |
Tahoma-Maple Valley | $720.6K | $700K | -2.9% |
Covington | $667.7K | $645K | -3.4% |
Maple Valley | $780K | $749.9K | -3.9% |
Housing Supply in Tahoma-Maple Valley, WA
How many homes are available in Tahoma-Maple Valley, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
176 | 219 | +24.4% |
Summary: The Tahoma-Maple Valley real estate market had 219 homes for sale in March 2024, a 24.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 18 | +28.6% |
3 Bedrooms | 67 | 93 | +38.8% |
4 Bedrooms | 67 | 77 | +14.9% |
5+ Bedrooms | 27 | 30 | +11.1% |
Summary: The Tahoma-Maple Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 38.8%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 67 | +71.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Tahoma-Maple Valley in March 2024, up by 71.8% month-over-month. Of the 67 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 21 Days | -46.6% |
Summary: Homes in Tahoma-Maple Valley had an average of 21 days on market in Mar 2024, down by 46.6% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 67 homes were sold in Tahoma-Maple Valley; 87% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.