Is Tahoma Terra, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Tahoma Terra was a Neutral Market.
Key Takeaway
Tahoma Terra is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tahoma Terra, WA
How much do homes in Tahoma Terra, WA cost?
Median Sold Price
$500,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tahoma Terra have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Tahoma Terra was $500,000 in April 2024, up 6.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $376.9K | $393.2K | +4.3% |
| 3 Bedrooms | $422.5K | $444.3K | +5.2% |
| 4 Bedrooms | $505K | $544.5K | +7.8% |
| 5+ Bedrooms | $557.5K | $540K | -3.1% |
Summary: Tahoma Terra housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Tahoma Terra | $470K | $500K | +6.4% |
| Tahoma Meadow | $430K | $435K | +1.2% |
Housing Supply in Tahoma Terra, WA
How many homes are available in Tahoma Terra, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Tahoma Terra real estate market had 39 homes for sale in April 2024, a 8.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 16 | 19 | +18.8% |
| 4 Bedrooms | 16 | 15 | -6.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Tahoma Terra housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tahoma Terra, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Tahoma Terra in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 50% were sold at asking, and 38% were sold over asking.
Days on Market for Tahoma Terra, WA
How long does it take to sell a home in Tahoma Terra, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 52 Days | -18.8% |
Summary: Homes in Tahoma Terra had an average of 52 days on market in Apr 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tahoma Terra are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Tahoma Terra; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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.