Is Tukwila, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tukwila is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Tukwila has remained a Seller's Market.

Key Takeaway

Tukwila is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tukwila, WA

How much do homes in Tukwila, WA cost?

Median Sold Price

$527,250

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$49,250(-8.5%)

Key Takeaway

Homes in Tukwila have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in Tukwila was $527,250 in January 2024, down 8.5% from last year, and the median price per square foot was $335.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $209.6K$324.7K
+54.9%
2 $355K$353K
-0.6%
3 $605K$595K
-1.7%
4 $730K$653.7K
-10.4%
5+ $875K$800K
-8.6%

Summary: Tukwila housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 8.6%.

Median Sold Price Compared To Nearby Cities

Renton
+6.7%
Kent
+0.8%
SeaTac
-2.4%
Seattle
-6.6%
Tukwila
-8.5%

Housing Supply in Tukwila, WA

How many homes are available in Tukwila, WA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2526+4.0%

Summary: The Tukwila real estate market had 26 homes for sale in January 2024, a 4.0% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 109
-10.0%
3 46
+50.0%
4 75
-28.6%
5+ 35
+66.7%

Summary: The Tukwila housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tukwila, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tukwila in January 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Tukwila, WA

How long does it take to sell a home in Tukwila, WA?

Average Sale Time

Jan 2023Jan 2024CHANGE
51 Days28 Days-44.1%

Summary: Homes in Tukwila had an average of 28 days on market in Jan 2024, down by 44.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tukwila are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 5 homes were sold in Tukwila; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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